Pantera drummer Vinnie Paul and guitarist Dimebag Darrell have formed Damageplan. The group's debut, "New Found Power," is due Feb. 10 via Elektra. A spokesperson says Pantera has not broken up but is

Pantera drummer Vinnie Paul and guitarist Dimebag Darrell have formed Damageplan. The group's debut, "New Found Power," is due Feb. 10 via Elektra. A spokesperson says Pantera has not broken up but is on hiatus; the new group will tour roughly around the time of the album's release.

Damageplan is rounded out by former Diesel Machine guitarist Patrick Lachman on vocals and bassist Bobzilla. "New Found Power" was produced by Dimebag and Paul along with frequent collaborator Sterling Winfield. Guests include Ozzy Osbourne guitarist Zakk Wylde and Slipknot's Corey Taylor.

"The music was written from our heart and soul for ourselves but most of all for our fans who have been so loyal to us over the years," Paul says in a statement. "Pantera was everything to us and we put everything we had into it 1000% but it is time for us to move on. We're proud to carry the torch and continue our a** kickin', hell raisin' tradition that you know and love ... you will not be let down."

Pantera has not released a studio album since 2000's "Reinventing the Steel," which debuted at No. 4 on The Billboard 200 and has sold 593,000 copies in the U.S., according to Nielsen SoundScan. Since then, frontman Phil Anselmo has released albums with the side projects Down and Superjoint Ritual.