The provided text is an excerpt from a Wikipedia article focusing on the energy company Diamondback Energy. This source outlines the company's business fundamentals, identifying it as a U.S. company based in Midland, Texas, that specializes in hydrocarbon exploration, particularly in the Permian Basin. Furthermore, the article details the history of Diamondback Energy, covering its founding in 2007, its initial public offering in 2012, and a series of major acquisitions through 2025. Finally, the text also summarizes controversies surrounding the company, including accusations related to environmental issues such as gas flaring and involvement in an antitrust class action lawsuit concerning alleged price fixing.