Diamondback’s Viper Energy to Acquire Permian Mineral Interests for $225 Million

Transaction Type
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price

Purchased certain mineral and royalty interests including 2,302 net royalty acres primarily in the Northern Midland Basin, roughly 65% of which is operated by Diamondback Energy; transaction value is comprised of 15.25 MM units of Viper common stock and $225 MM of cash.