# Diamondback Energy: Mineral Owner's Guide

**TL;DR**: Diamondback Energy is the largest Permian Basin-focused independent oil and gas company, headquartered in Midland, Texas. Following their 2024 acquisition of Endeavor Energy Resources, they significantly expanded their Midland Basin position. Mineral owners with Endeavor royalties now receive payments from Diamondback under unchanged lease terms.

## Key Takeaways

- Diamondback Energy (NASDAQ: FANG) is a pure-play Permian Basin operator focused exclusively on the Midland and Delaware Basins in West Texas and New Mexico
- The company acquired Endeavor Energy Resources in 2024, one of the largest private Midland Basin operators, meaning former Endeavor royalty owners now receive payments from Diamondback
- Headquartered in Midland, Texas since 2007, Diamondback maintains local presence and expertise in the Permian Basin with owner relations reachable at 1-432-221-7400
- Primary operating counties include Midland, Martin, Howard, Upton, Reagan, and Glasscock in the Midland Basin, plus Pecos, Reeves, Ward (Texas) and Lea (New Mexico) in the Delaware Basin
- The company is known for efficient, low-cost operations, strong financial discipline, and active drilling programs utilizing multi-well pad development
- Former Endeavor mineral owners should contact Diamondback to confirm updated account status, owner numbers, and payment details following the acquisition
- As a Permian pure-play, Diamondback concentrates all resources on one basin, offering focused expertise but also concentrated geographic exposure

## Page Highlights

**Company Overview**: Diamondback Energy is the largest independent oil and gas company focused exclusively on the Permian Basin, operating as a publicly-traded pure-play (NASDAQ: FANG) with headquarters in Midland, Texas. Known for efficient, low-cost operations and financial discipline.

**Endeavor Energy Acquisition**: The 2024 acquisition of Endeavor Energy Resources significantly expanded Diamondback's Midland Basin footprint. Mineral owners who previously received Endeavor royalties now receive payments from Diamondback with lease terms remaining unchanged.

**Primary Operating Areas**: Core Midland Basin operations span Midland, Martin, Howard, Upton, Reagan, and Glasscock counties in Texas, focusing on Spraberry and Wolfcamp formations. Delaware Basin operations cover Pecos, Reeves, and Ward counties in Texas plus Lea County in New Mexico.

**Advantages for Mineral Owners**: Local Midland headquarters provides same-timezone accessibility and regional expertise. The company maintains consistent active drilling programs, efficient operations, and 100% dedication to Permian Basin development.

**Considerations**: Rapid growth through multiple acquisitions may cause integration delays, particularly for former Endeavor owners experiencing account transitions. Pure-play focus creates concentrated geographic exposure to a single basin.

**Owner Relations**: Contact Diamondback at 1-432-221-7400 during regular Central Time business hours. Mail correspondence to 500 West Texas Ave., Suite 1200, Midland, TX 79701. Former Endeavor owners should verify updated account details.

**Working with Diamondback**: The company typically drills multi-well pads, so mineral owners may receive production from multiple wells and should review statements carefully. Owner relations may provide information about planned development on specific mineral interests.

## Related Topics

- [Top Oil & Gas Operators Guide](https://www.buckheadenergy.com/operators/)
- [Permian Basin Mineral Rights](https://www.buckheadenergy.com/basins/permian)
- [Midland Basin Mineral Rights](https://www.buckheadenergy.com/basins/midland)
- [Permian Resources Guide](https://www.buckheadenergy.com/operators/permian-resources)
- [EOG Resources Guide](https://www.buckheadenergy.com/operators/eog)
- [Dealing with Oil & Gas Operators](https://www.buckheadenergy.com/resources/dealing-with-operators)
- [How to Sell Mineral Rights](https://www.buckheadenergy.com/sell/how-to-sell)
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/resources/mineral-value)

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