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Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, and exploration of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. The company has established a significant acreage position in this premier U.S. shale basin and employs horizontal drilling and hydraulic fracturing techniques to extract hydrocarbons. Diamondback Energy has consistently grown production and reserves through a combination of organic drilling and strategic acquisitions. The company is known for its operational efficiency and disciplined capital allocation approach in the energy sector.