History
The company began operations in December 2007 with the acquisition of 4,174 net acres in the Permian Basin.[1]
In October 2012, the company became a public company via an initial public offering, issuing 12,500,000 shares of common stock at a price of $17.50 per share at its opening on Nasdaq under the ticker symbol FANG, in reference to a snake's tooth; the company's logo at the time featured a Western diamondback rattlesnake.[5][6]
In March 2017, the company acquired assets from Brigham Resources for $2.55 billion.[7][8]
In October 2018, the company acquired the assets of Ajax Resources for $1.25 billion.[9][10]
In November 2018, the company acquired Energen.[11]
In February 2021, the company acquired leasehold interests and assets from Guidon Resources for $375 million in cash and 10.68 million shares.[12][13]
In March 2021, the company acquired QEP Resources.[13][14]
In September 2024, the company acquired Endeavor Energy Resources.[15]
In April 2025, the company acquired Double Eagle IV for $3 billion in cash and 6.9 million shares of stock.[16]
