Remove Finance Remove Possible Reserves Remove Royalty
article thumbnail

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

Oil & Gas 360º

NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. 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% About Sitio Royalties Corp. About Viper Energy, Inc.

Royalty 130
article thumbnail

EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

Oil & Gas 360º

Operational expertise and increased scale drive meaningful synergies EOG expects to generate more than $150 million of synergies in the first year driven by lower capital, operating, and debt financing costs. quantities of oil and gas that are estimated to be recoverable with a high degree of confidence), but also probable reserves (i.e.,