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Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Closing of Acquisition From Swallowtail Royalties LLC and Swallowtail Royalties II LLC

Viper Energy, Inc. - Class A (VNOM) 
Last viper energy, inc. - class a earnings: 2/11 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: viperenergy.com/news
Company Research Source: GlobeNewswire
MIDLAND, Texas, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced it has completed its previously announced acquisition of certain mineral and royalty interests from Swallowtail Royalties LLC and Swallowtail Royalties II LLC, portfolio companies of Blackstone Energy Partners. Aggregate consideration consisted of 15.25 million common units representing limited partnership interests in Viper and approximately $225 million in cash. As a result of the acquisition, Viper adds approximately 2,302 net royalty acres primarily in the Northern Midland Basin, roughly 65% of which is operated by Diamondback. About Viper Energy Partners LP Viper is a limited partnership formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, Show less Read more
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