Diamondback Energy, Inc. focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations in the Delaware basin.As of December 31, 2021, the company's acreage position was approximately 524,700 gross acres in the Permian Basin. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells.
