Viper Energy Partners LP
Announced that the board of directors of Viper’s general partner increased the authorization of its common unit repurchase program to $150 million and extended the authorization indefinitely. As of Sept. 30, Viper had expended approximately $57.4 million, or roughly 38%, of the increased authorized amount. The company intends to purchase common units under the repurchase program opportunistically with cash on hand, free cash flow from operations and proceeds from potential liquidity events such as the sale of assets. Any common units purchased as part of this program will be retired.