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

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

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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

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