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Diamondback Energy | May 2015 Investor Presentation | Travis Stice | Page 14 of 11 | November 21, 2024

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Adding Acreage in the Core of the Northern Midland Basin (1) Represents production from properties subject to acquisition announced in May 2015. Acquisition production is for April 2015 and is based on data provided by sellers and has not been verified by the Company. Actual ? Recently acquired or signed agreements to acquire 11,948 net acres mostly in NW Howard County for ~$438MM ? Production of 2.5 MBOEPD 1 from 120 gross wells and 4.3 MMBOE of proved developed reserves 2 ? 232 net identified potential horizontal drilling locations with an average lateral length of 8,357’ 3 ? Includes salt water disposal facilities in Howard Co. ? Management believes acreage is in top quartile of FANG’s existing acreage portfolio based on well results in immediate proximity ? Management believes 3 horizontal zones are de-risked – Lower Spraberry, Wolfcamp B and Wolfcamp A with upside potential from Middle Spraberry ? Includes a ~1.5% average overriding royalty interest on 12,890 gross acres which has been offered to VNOM for ~$33.7 million subject to board approval by conflict committee 4 Acreage County Net L Spra WC B WC A M Spra Total Howard / Martin 10,098 71 71 71 TBD 214 Glasscock 1,252 6 1 6 TBD 13 Martin / Dawson 342 2 – – TBD 2 Andrews 256 2 – – 2 3 Total 11,948 81 73 77 2 232 Net Potential Locations 5 Acquisition Acreage Map Midland Basin Spanish Trail Acreage Acquisitions 11,948 Net Acres