Diamondback Energy, headquartered in Midland, Texas, focuses on the acquisition and development of unconventional oil and gas reserves in the Permian Basin, covering approximately 607,877 gross acres. The company went public on October 17, 2012, and employs 1,023 full-time staff.
FANG has been in the news recently: DIAMONDBACK ENERGY was not specifically mentioned in the article, which focused on the earnings reports of XYZ Corp and ABC Inc. Additionally, the report discussed Wall Street's mixed opening and investors' cautious sentiment following recent corporate earnings and the Federal Reserve meeting.
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