Code of Business Conduct and Ethics

This Code of Business Conduct and Ethics (the "Code") embodies the commitment of Diamondback Energy, Inc. (the "Company") to conduct their businesses in accordance with all applicable laws, rules and regulations and the highest ethical standards. All employees, including executive officers, and members of our Board of Directors, are expected to adhere to the principles and procedures set forth in this Code that apply to them. The Company also expects the consultants it retains generally to abide by this Code as well.

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