The mineral acquisition business of Permian Basin powerhouse Diamondback Energy Corp. continued its deal streak with a multimillion-dollar acquisition of Permian Basin assets on Sept. 13.

Viper Energy Partners LP, subsidiary of Midland, Texas-based Diamondback, agreed to acquire certain mineral and royalty interests from private-equity backed Santa Elena Minerals LP in an all-equity transaction valued at $150 million, according to the company release.

The deal follows an already blockbuster year for Viper including the $700 million dropdown acquisition the company announced in July.

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