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Viper strikes rare mineral merger with $4.1B Sitio buy

Enverus

Besides its scale, Viper is differentiated by the quality of its asset base with a concentration in the Permian Basin, by a significant margin the largest and most economic U.S. The company was previously focused on the Midland Basin and particularly on interests operated by Diamondback. shale play.

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5