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                               July 1, 2022

       Kaes Van't Hof
       Chief Financial Officer
       Diamondback Energy, Inc.
       500 West Texas, Suite 1200
       Midland, Texas 79701

                                                        Re: Diamondback Energy,
Inc.
                                                            Form 10-K for
Fiscal Year Ended December 31, 2021
                                                            Response dated June
23, 2022
                                                            File No. 001-35700

       Dear Mr. Van't Hof:

              We have reviewed your June 23, 2022 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

             After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       May 25, 2022 letter.

       Response dated June 23, 2022

       Form 10-K Filed February 24, 2022
       Risk Factors, page 27

   1.                                                   Your response to prior
comment 2 states that the primary effect of transition risks related
                                                        to climate change is
the risk of reduced demand for oil and natural gas, which could
                                                        reduce the prevailing
price for oil and natural gas. Please tell us how you considered
                                                        providing disclosure
that addresses the effect of transition risks related to climate change
                                                        on your business and
financial strategy more generally.
   2.                                                   We note from your
response to prior comment 3 that you disclosed the risk of litigation
                                                        related to the
achievement of your climate change-related initiatives in your Form 10-Q
                                                        for the three-month
period ended March 31, 2022. Please tell us how you considered
 Kaes Van't Hof
Diamondback Energy, Inc.
July 1, 2022
Page 2
      providing expanded disclosure addressing the broader risks associated
with the possibility
      of litigation related to climate change and its potential impact or
revise to provide this type
      of disclosure.
Management's Discussion and Analysis of Financial Condition and Results of
Operations, page
46

3.    Your response to prior comment 5 cites disclosure in your Form 10-K
discussing the
      impacts of increased competition to introduce new products and services
using new
      technologies. Tell us how you considered including disclosure
specifically
      referencing competition to develop products that result in lower
emissions.
4.    From your response to prior comment 5, we note that to the extent that
your core business
      carries reputational risks, you would experience that risk through
reduced demand for oil
      and natural gas or through an increased cost of capital. Acknowledging
the portion of
      your response regarding your recent experiences, provide us with
additional information
      explaining your disclosure considerations related to the effect of
climate-
      related reputational risks on the availability of capital on terms
acceptable to you or at
      all. In this connection, we note that the section of your Corporate
Sustainability Report
      regarding climate-related risks states that your "perceived reputation
could decrease or
      increase [y]our cost of doing business."
5.    In response to prior comment 6 you state that weather events may have a
significant and
      immediate impact on the exploration and production sector and/or the
energy industry
      generally with varying impacts on individual companies, including on your
customers and
      suppliers. Further explain to us how you considered providing disclosure
regarding the
      potential for indirect weather-related impacts that have affected or may
affect
      your customers or suppliers.
6.    Your response to comment 6 states that you are unaware of any impact on
the cost or
      availability of insurance stemming from weather-related events. Our prior
comment is re-
      issued in part as it does not appear that you provided the quantitative
information
      previously requested.
       Please contact Michael Purcell at 202-551-5351 or Ethan Horowitz at
202-551-3311 with
any questions.



                                                             Sincerely,
FirstName LastNameKaes Van't Hof
                                                             Division of
Corporation Finance
Comapany NameDiamondback Energy, Inc.
                                                             Office of Energy &
Transportation
July 1, 2022 Page 2
cc:       John Goodgame
FirstName LastName