Diamondback Energy, Inc. (FANG)

                                                                                     





About Diamondback

Diamondback Energy is an independent oil and natural gas company currently focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. This basin, which is one of the major producing basins in the United States, is characterized by an extensive production history, a favorable operating environment, mature infrastructure, long reserve life, multiple producing horizons, enhanced recovery potential and a large number of operators.

The Company's activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which we refer to collectively as the Wolfberry play. The Wolfberry play is characterized by high oil and liquids rich natural gas, multiple vertical and horizontal target horizons, extensive production history, long-lived reserves and high drilling success rates.










                                                                                                               














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Company Information
Diamondback Energy, Inc.
500 West Texas
Suite 1225
Midland, TX 79701
432-221-7400

Grant Thornton, LLP Independent Auditor