• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Viper Energy, Inc., A Subsidiary of Diamondback Energy, Inc., Announces Drop Down Transaction and Operations Update

    1/30/25 4:01:23 PM ET
    $FANG
    $VNOM
    Oil & Gas Production
    Energy
    Oil & Gas Production
    Energy
    Get the next $FANG alert in real time by email

    MIDLAND, Texas, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today provided an update on Q4 2024 financial and operating results.

    FOURTH QUARTER HIGHLIGHTS

    • Q4 2024 average daily production of 29,859 bo/d (56,109 boe/d)
    • Q4 2024 average unhedged realized prices of $69.91 per barrel of oil, $0.84 per Mcf of natural gas, and $22.15 per barrel of natural gas liquids
    • During the fourth quarter of 2024, the Company recorded total operating income of $228.7 million
    • Declared Q4 2024 combined base-plus-variable dividend of $0.65 per Class A common share; payable on March 13, 2025 to Class A shareholders of record at the close of business on March 6, 2025

    Additionally, the Company announced today it and its operating subsidiary Viper Energy Partners LLC ("OpCo") have entered into a definitive purchase and sale agreement to acquire all of the equity interests of certain mineral and royalty-interest owning subsidiaries of Diamondback in exchange for $1.0 billion of cash and approximately 69.6 million OpCo units (along with an accompanying equal amount of Class B common stock of the Company), subject to customary adjustments (the "Drop Down"). The transaction was negotiated for the Company by the Audit Committee of its Board of Directors, which consists solely of independent directors and is appointed by the Board of Directors to oversee all related party transactions. The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the Company's credit facility, and proceeds from one or more capital markets transactions, subject to market conditions and other factors. The Company expects the transaction to close in the second quarter of 2025, subject to the satisfaction of customary closing conditions, including the approval of the transaction by a majority of the Company's stockholders not affiliated with Diamondback.

    The Company today also announced it and OpCo have entered into a separate definitive purchase and sale agreement to acquire certain mineral and royalty interests from Morita Ranches Minerals LLC in exchange for approximately $211 million of cash and approximately 2.4 million OpCo units (along with an accompanying equal amount of Class B common stock of the Company), subject to customary adjustments (the "Quinn Ranch Acquisition" and together with the Drop Down, the "Pending Acquisitions"). The cash portion of this transaction is expected to be funded through a combination of cash on hand and borrowings under the Company's credit facility. The Company expects the transaction to close during the first quarter of 2025, subject to customary closing conditions.

    PENDING ACQUISITIONS COMBINED HIGHLIGHTS

    • Approximately 23,100 net royalty acres ("NRAs") in the Midland Basin; additional acreage in the Delaware and Williston Basins (approximately 1,700 NRAs combined)
    • Diamondback operates >70% of the Midland Basin NRAs with an approximately 5.0% average net revenue interest ("NRI") across high-quality and largely undeveloped acreage
    • Expected average daily oil production for full year 2025 of approximately 18,000 bo/d (32,000 boe/d); includes contribution from Diamondback's expected development plan (11.0-12.0 net 100% royalty interest wells) and 6.7 net existing DUCs and permits operated by third party operators
    • Viper currently expects Diamondback to complete roughly 300-325 gross locations on the acquired properties in 2026 with an estimated average ~6.0% NRI; expected to drive an increase in Diamondback-operated production from an average of approximately of 11,000 bo/d in 2025 to approximately 14,000 bo/d in 2026
    • Third party operated acreage located primarily in Martin, Midland, and Reagan counties; ExxonMobil (~35% of third party operated acreage) is the largest operator with diversified exposure to other leading well-capitalized operators in the Midland Basin
    • Substantial near and long-term financial accretion; expected to be >10% accretive to cash available for distribution per Class A share immediately upon closing
    • Each of the Pending Acquisitions has an effective date of January 1, 2025

    PRO FORMA VIPER HIGHLIGHTS

    • Giving effect to only the assumed closing of the Quinn Ranch Acquisition during Q1 2025, initiating average daily production guidance for Q1 2025 of 30,000 to 31,000 bo/d (54,000 to 56,000 boe/d)
    • Upon the assumed closing of the Drop Down during Q2 2025, expect average daily production for the balance of 2025 in the range of 47,000 to 49,000 bo/d (85,000 to 88,000 boe/d); the midpoint is approximately 61% higher than standalone Viper's Q4 2024 average daily oil production
    • Based on Diamondback's expected development plans, Viper expects its Diamondback-operated production to increase to approximately 31,000 bo/d in 2026, up from approximately 27,000 bo/d on a pro forma basis in 2025
    • Viper expects to own an interest in approximately 75% of the total amount of gross wells that Diamondback would plan to develop over the next five years at today's activity levels; expect to own an estimated ~6.0% NRI in these wells
    • Total inventory of Diamondback-operated locations with a greater than 10% IRR at $50 WTI of approximately 334 net locations
    • Approximately 60,200 NRAs in the Permian Basin, approximately 36,300 of which are operated by Diamondback; represents increases of approximately 70% and 90%, respectively
    • Maintaining return of capital commitment of at least 75% of cash available for distribution
    • Conservative leverage of <1.0x expected at year-end 2025 based on current commodity prices

    "We are excited to announce today the highly anticipated, transformative Drop Down transaction between Viper and Diamondback. This transaction, combined with the Quinn Ranch Acquisition, furthers Viper's alignment with Diamondback's expected development plan and positions Viper to continue to deliver organic growth driven by the Diamondback drillbit for multiple years ahead. The pro forma size and scale provided to Viper, and the continued support of our parent company, meaningfully enhances the unmatched advantage Viper has in the minerals and royalty market," stated Travis Stice, Chief Executive Officer of Viper.

    Mr. Stice continued, "In addition to being immediately accretive to all relevant financial metrics, this conservatively financed transaction also reduces Viper's pro forma leverage to below 1.0x. Looking ahead, Viper's leading scale and fortress balance sheet will enable the Company to continue to opportunistically consolidate the highly fragmented minerals market through a disciplined and focused approach."

    Advisors

    Evercore is serving as financial advisor to the Audit Committee of Viper's Board of Directors and Hunton Andrews Kurth LLP is serving as the Audit Committee's legal advisor for the Drop Down.

    RBC Capital Markets is serving as financial advisor to Diamondback and Kirkland & Ellis LLP is serving as its legal advisor for the Drop Down.

    For the Quinn Ranch Acquisition, Akin Gump Strauss Hauer & Feld LLP is serving as Viper's legal advisor and Vinson & Elkins LLP is serving as legal advisor for Morita Ranches Minerals LLC.

    About Viper Energy, Inc.

    Viper is a corporation formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. For more information, please visit www.viperenergy.com.

    About Diamondback Energy, Inc.

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the federal securities laws, which involve certain risks, uncertainties and assumptions that could cause the results to differ materially from those expected by the management of Viper. All statements, other than historical facts, that address activities that Viper assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management's current beliefs, based on currently available information, as to the outcome and timing of future events, including specifically the statements regarding the pending acquisitions discussed in this news release and any potential capital markets transactions and other funding sources for the pending acquisitions, as well as statements regarding the pro forma results for the pending acquisitions and Viper's operating and financial expectations following those acquisitions, including existing and future production on the mineral and royalty acreage subject to the pending acquisitions and Diamondback's plans with respect to such Diamondback-operated acreage.

    Factors that could cause the outcomes to differ materially include (but are not limited to) the following: the completion of the pending acquisitions on anticipated terms and timing or at all, including obtaining the requisite regulatory and stockholder approvals for the Pending Drop Down, the satisfaction of other conditions to the pending acquisitions, uncertainties as to whether the pending acquisitions, if consummated, will achieve their anticipated benefits within the expected time periods or at all, and those risks described in Item 1A of Viper's Annual Report on Form 10-K, filed with the SEC on February 22, 2024, subsequent Forms 10-Q and 8-K and other filings Viper makes with the SEC, which can be obtained free of charge on the SEC's website at http://www.sec.gov and Viper's website at www.viperenergy.com/investor-overview, as well as those risks that will be more fully described in the definitive proxy statement on Schedule 14A that is intended to be filed with the SEC in connection with the Pending Drop Down.

    In light of these factors, the events anticipated by Viper's forward-looking statements may not occur at the time anticipated or at all. Moreover, Viper conducts its business in a very competitive and rapidly changing environment and new risks emerge from time to time. Viper cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this news release or, if earlier, as of the date they were made. Viper does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

    Additional Information about the Pending Drop Down and Where to Find It

    In connection with the Pending Drop Down, Viper expects to file relevant materials with the SEC including a proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, Viper will mail the definitive proxy statement to each stockholder entitled to vote at the special meeting relating to the Pending Drop Down. This news release is not a substitute for the proxy statement or for any other document that Viper may file with the SEC and send to its stockholders in connection with the Pending Drop Down. INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PENDING DROP DOWN THAT VIPER WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND THE PARTIES TO THE TRANSACTION. The definitive proxy statement, the preliminary proxy statement, and other relevant materials in connection with the Pending Drop Down (when they become available) and any other documents filed by Viper with the SEC, may be obtained free of charge at the SEC's website www.sec.gov. Copies of the documents filed with the SEC by Viper will be available free of charge on Viper's website at www.viperenergy.com/investor-overview.

    Participants in the Solicitation

    Viper and its directors and executive officers, and Diamondback as its parent and major stockholder, may be deemed, under SEC rules, to be participants in the solicitation of proxies from Viper's stockholders in connection with the Pending Drop Down. Information about the directors and executive officers of Viper and, as applicable, about Diamondback, is set forth in (i) in Viper's proxy statement for its 2024 annual meeting, including under the headings "Proposal 1—Election of Directors", "Executive Officers", "Compensation Discussion and Analysis", "Compensation Tables", "Stock Ownership" and "Certain Relationships and Related Transactions," which was filed with the SEC on April 25, 2024 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1602065/000119312524113976/d796418ddef14a.htm, (ii) Viper's Annual Report on Form 10-K for the year ended December 31, 2023, including under the headings "Item 10. Directors, Executive Officers and Corporate Governance", "Item 11. Executive Compensation", "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters" and "Item 13. Certain Relationships and Related Transactions, and Director Independence", which was filed with the SEC on February 22, 2024 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1602065/000160206524000010/vnom-20231231.htm and (iii) subsequent statements of changes in beneficial ownership on file with the SEC.

    Additional information about Diamondback may be found in Diamondback's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 22, 2024, and subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed by Diamondback with the SEC. These documents may be obtained free of charge from the SEC's website at www.sec.gov and Diamondback's website at www.diamondbackenergy.com/investors.

    Additional information regarding the participants in the proxy solicitation and a description of their direct or indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials filed with the SEC when they become available. These documents may be obtained free of charge from the SEC's website at www.sec.gov and Viper's website at www.viperenergy.com/investor-overview.

    No Offer or Solicitation

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    Investor Contact:

    Austen Gilfillian

    +1 432.221.7420

    [email protected]

    Source: Viper Energy, Inc.; Diamondback Energy, Inc.



    Primary Logo

    Get the next $FANG alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $FANG
    $VNOM

    CompanyDatePrice TargetRatingAnalyst
    Viper Energy Inc.
    $VNOM
    5/7/2025$49.00Outperform
    Evercore ISI
    Diamondback Energy Inc.
    $FANG
    5/6/2025$165.00Outperform
    Evercore ISI
    Diamondback Energy Inc.
    $FANG
    5/2/2025$180.00Outperform
    RBC Capital Mkts
    Diamondback Energy Inc.
    $FANG
    4/29/2025$170.00Neutral → Buy
    BofA Securities
    Diamondback Energy Inc.
    $FANG
    4/7/2025$180.00Neutral → Buy
    Citigroup
    Viper Energy Inc.
    $VNOM
    3/31/2025$56.00Outperform
    Mizuho
    Viper Energy Inc.
    $VNOM
    3/14/2025$51.00Overweight
    Wells Fargo
    Diamondback Energy Inc.
    $FANG
    1/3/2025$190.00Peer Perform → Outperform
    Wolfe Research
    More analyst ratings

    $FANG
    $VNOM
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Plaumann Mark Lawrence acquired 2,965 shares, increasing direct ownership by 129% to 5,267 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      6/23/25 5:08:42 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Director Meloy Charles Alvin sold $955,499 worth of shares (6,153 units at $155.29) (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      6/20/25 4:01:49 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • CFO, Executive VP Thompson Jere W Iii sold $212,275 worth of shares (1,500 units at $141.52), decreasing direct ownership by 10% to 13,788 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      6/11/25 4:02:54 PM ET
      $FANG
      Oil & Gas Production
      Energy

    $FANG
    $VNOM
    SEC Filings

    See more
    • SEC Form 8-K filed by Viper Energy Inc.

      8-K - Viper Energy, Inc. (0001602065) (Filer)

      6/30/25 4:36:46 PM ET
      $VNOM
      Oil & Gas Production
      Energy
    • SEC Form 144 filed by Diamondback Energy Inc.

      144 - Diamondback Energy, Inc. (0001539838) (Subject)

      6/17/25 4:45:31 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Viper Energy Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

      8-K - Viper Energy, Inc. (0001602065) (Filer)

      6/12/25 4:38:53 PM ET
      $VNOM
      Oil & Gas Production
      Energy

    $FANG
    $VNOM
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Evercore ISI resumed coverage on Viper Energy Partners with a new price target

      Evercore ISI resumed coverage of Viper Energy Partners with a rating of Outperform and set a new price target of $49.00

      5/7/25 8:38:51 AM ET
      $VNOM
      Oil & Gas Production
      Energy
    • Evercore ISI resumed coverage on Diamondback Energy with a new price target

      Evercore ISI resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $165.00

      5/6/25 8:05:47 AM ET
      $FANG
      Oil & Gas Production
      Energy
    • RBC Capital Mkts resumed coverage on Diamondback Energy with a new price target

      RBC Capital Mkts resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $180.00

      5/2/25 8:14:21 AM ET
      $FANG
      Oil & Gas Production
      Energy

    $FANG
    $VNOM
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2025 Conference Call for August 5, 2025

      MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes. In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 10:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper's website at

      6/26/25 4:01:49 PM ET
      $FANG
      $VNOM
      Oil & Gas Production
      Energy
    • Diamondback Energy, Inc. Schedules Second Quarter 2025 Conference Call for August 5, 2025

      MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback's website at www.diamondbackenergy.com under the "Investor Re

      6/26/25 4:01:38 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • EPIC Crude's Strategic Position in the Premium Corpus Christi Market Continues to Advance

      Port of Corpus Christi completes Milestone Ship Channel Improvement Project EPIC Crude Holdings, LP ("EPIC Crude" or "the Company") is excited that the Port of Corpus Christi has finalized their significant four-phase Channel Improvement Project ("CIP Project") that began in 2017. The CIP Project deepened the channel from 47 to 54 feet and widened the channel to 530 feet from 400 feet, all centered on accommodating the growing demand for larger vessels. The CIP Project was focused on expanding the waterways for larger vessels and two-way traffic while reducing overall transportation costs. This will allow the Port of Corpus Christi to enable more efficient transport of crude oil, liquefie

      6/24/25 7:00:00 AM ET
      $ARES
      $FANG
      $KNTK
      Investment Managers
      Finance
      Oil & Gas Production
      Energy

    $FANG
    $VNOM
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Tsuru Frank D. bought $313,020 worth of shares (2,000 units at $156.51), increasing direct ownership by 54% to 5,730 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      3/4/25 8:58:43 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Director West Steven E bought $975,960 worth of shares (6,000 units at $162.66), increasing direct ownership by 98% to 12,135 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      12/17/24 4:35:02 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Director Reeves Robert K bought $509,760 worth of shares (2,832 units at $180.00), increasing direct ownership by 339% to 3,667 units (SEC Form 4)

      4 - Diamondback Energy, Inc. (0001539838) (Issuer)

      11/12/24 4:07:14 PM ET
      $FANG
      Oil & Gas Production
      Energy

    $FANG
    $VNOM
    Financials

    Live finance-specific insights

    See more
    • Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2025 Conference Call for August 5, 2025

      MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes. In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 10:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper's website at

      6/26/25 4:01:49 PM ET
      $FANG
      $VNOM
      Oil & Gas Production
      Energy
    • Diamondback Energy, Inc. Schedules Second Quarter 2025 Conference Call for August 5, 2025

      MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback's website at www.diamondbackenergy.com under the "Investor Re

      6/26/25 4:01:38 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

      MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), and Sitio Royalties Corp. (NYSE:STR) ("Sitio") today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio's net debt of approximately $1.1 billion as of March 31, 2025. The consideration will consist of 0.4855 shares of Class A common stock of a new holding company ("pro forma Viper") for each share of Sitio Class A common stock, and 0.4855 units of Viper's operating subsidiary, Viper

      6/3/25 6:30:53 AM ET
      $FANG
      $STR
      $VNOM
      Oil & Gas Production
      Energy

    $FANG
    $VNOM
    Leadership Updates

    Live Leadership Updates

    See more
    • Letter to Stockholders Issued by Diamondback Energy, Inc.

      MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. 2024: Year in Review 2024 was arguably the most transformational year in the Company's history. In February, we announced the $26 billion merger with Endeavor Energy, creating the must own Permian Pure Play. The merger not only made Diamondback bigger, with a combined ~722

      2/24/25 4:02:12 PM ET
      $FANG
      Oil & Gas Production
      Energy
    • Viper Energy, Inc. Announces Leadership Transition Plan and Additional Updates to Executive Team

      Travis D. Stice to transition from role as Chief Executive OfficerKaes Van't Hof, current President, will assume Chief Executive Officer roleAusten Gilfillian, current Vice President, has been promoted to PresidentTrevor Stoltz has been promoted to Vice President, Business DevelopmentJohn Phillips has been promoted to Vice President, Land MIDLAND, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) ("Viper" or the "Company") today announced its leadership transition plan, representing the culmination of a thorough succession planning process and ensuring a seamless leadership transition that will position the Company for continued long term outperformance. Travis D.

      2/20/25 4:01:00 PM ET
      $VNOM
      Oil & Gas Production
      Energy
    • Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from

      9/6/24 6:43:00 PM ET
      $AAL
      $ADMA
      $ADNT
      $AMCX
      Air Freight/Delivery Services
      Consumer Discretionary
      Biotechnology: Biological Products (No Diagnostic Substances)
      Health Care

    $FANG
    $VNOM
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Viper Energy Inc.

      SC 13G - Viper Energy, Inc. (0001602065) (Subject)

      11/14/24 1:22:36 PM ET
      $VNOM
      Oil & Gas Production
      Energy
    • Amendment: SEC Form SC 13G/A filed by Viper Energy Inc.

      SC 13G/A - Viper Energy, Inc. (0001602065) (Subject)

      11/12/24 5:45:46 PM ET
      $VNOM
      Oil & Gas Production
      Energy
    • Amendment: SEC Form SC 13G/A filed by Diamondback Energy Inc.

      SC 13G/A - Diamondback Energy, Inc. (0001539838) (Subject)

      11/12/24 4:25:27 PM ET
      $FANG
      Oil & Gas Production
      Energy