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Diamondback Tweaks Permian Strategy, Focuses on Experimentation

The Diamondback Energy logo with two pump jack rigs in the background with a yellow sky.
During the first quarter, Diamondback made quiet, piecemeal acquisitions to develop a huge position—almost 200,000 acres—in the northern Midland Basin’s Barnett and Woodford play. (Shutterstock)
May 05, 2026 02:42 PM CDT