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Viper strikes rare mineral merger with $4.1B Sitio buy

Enverus

Deal activity, while active in the space, is usually confined to smaller bolt-on transactions and consolidation of individual interests. Viper, which is affiliated with upstream operator Diamondback Energy, has turned to an unusually active spree of deals to create a public mineral company with differentiated scale compared to peers.

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

On the other hand, if those contracts do not specify how the sales price was calculated, then the narrow holding in Sheppard arguably does not apply, meaning producers, in such a case, should value royalties based on the gross proceeds realized at the point of sale.