Midland, Texas — According to state and local development sources, Diamondback Energy plans to invest $1,000,000.00 to build out 4,082 square feet of new space in Midland. The company plans to occupy the new space at 500 West Texas Ave. in Midland, on or about August 1, 2024. According to the company website Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback’s activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry and Bone Spring formations. Diamondback is committed to the safe and responsible development of its resources in the Permian Basin. We operate in the same areas in which our employees and their families live, and are dedicated to preserving and protecting the environment for the benefit of our stockholders, employees and our communities. Diamondback’s wholly-owned subsidiary,  Rattler Midstream Operating LLC, owns and operates crude oil and natural gas gathering systems that provide services to Diamondback Energy and third party customers under primarily long-term, fixed-fee contracts.

To learn more about Diamondback Energy, visit http://ir.diamondbackenergy.com/

Company Contact:
Travis Stice, Chief Executive Officer
tstice@diamondbackenergy.com
432-221-7400

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