BRIEF-Viper Energy, Inc., A Subsidiary Of Diamondback Energy, Inc., Announces Acquisition-March 2024-www.financetom.com

BRIEF-Viper Energy, Inc., A Subsidiary Of Diamondback Energy, Inc., Announces Acquisition

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-Viper Energy, Inc., A Subsidiary Of Diamondback Energy, Inc., Announces Acquisition

Sep 11, 2024 2:33 PM

Diamondback Energy Inc ( FANG ):

* VIPER ENERGY, INC. ( VNOM ), A SUBSIDIARY OF DIAMONDBACK ENERGY,

INC.,

ANNOUNCES ACQUISITION

* VIPER ENERGY PARTNERS LP: PURCHASE AGREEMENT INCLUDES

POTENTIAL

ADDITIONAL PAYMENT IN Q1 2026 OF CONTINGENT CASH CONSIDERATION

OF UP TO $41.0 MILLION

* VIPER ENERGY PARTNERS LP: PROPOSED DEAL FOR FOR $461.0

MILLION

OF CASH & ABOUT 10.1 MILLION OPCO UNITS

* VIPER ENERGY PARTNERS : EXPECT DIAMONDBACK-OPERATED

PRODUCTION

TO INCREASE FROM AVERAGE OF ROUGHLY 1,000 BO/D IN 2025 TO ABOUT

3,000 BO/D IN 2026

Source text for Eikon:

Further company coverage:

Previous page： Bitcoin falls 5.69% to $58,987 Next page： Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Bitcoin falls 5.69% to $58,987

Aug 4, 2024

(Reuters) - Bitcoin fell 5.69% to $58,987 at 15:58 GMT on Sunday. Earlier, the world's biggest and best-known cryptocurrency fell 3.98% to $60,050 at 1950 GMT on Saturday. (Reporting by Surbhi Misra in Bengaluru) ...

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs

Aug 3, 2024

LONDON (Reuters) - (This Aug. 2 story has been corrected to read 'wanes for,' not 'hit by,' in the headline and to clarify that the 15% refers to those willing to increase their exposure to multi-manager strategies in paragraph 2) Global investor appetite for the most expensive multi-strategy hedge funds has fallen, Goldman Sachs ( GS ) said in a...

Sea-bed regulator elects secretary general as calls grow to pause deep-sea mining

Aug 4, 2024

MELBOURNE, Aug 4 (Reuters) - The International Seabed Authority (ISA) has elected Leticia Carvalho of Brazil as its next secretary general, as pressure mounts for a pause on efforts to mine the sea floor for minerals for use in the energy transition. Carvalho replaces two-term incumbent Michael Lodge, the ISA said in a statement on Friday. Her four-year term as...

AMC Entertainment swings to loss in the second-quarter hurt by weak movie lineup

Aug 4, 2024

(Reuters) - AMC Entertainment Holdings ( AMC ) posted a loss for the second quarter compared to a profit in the same period last year hurt by the lingering impact of last year's dual Hollywood strikes, which led to a limited number of major theatrical releases. The U.S. film industry faced significant disruption in 2023 due to parallel writers' and...