Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend
Oil & Gas 360º
JUNE 3, 2025
NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. NYSE:STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 mboe/d); Q1 2025 average Permian production of 14.5 billion as of March 31, 2025.
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