Viper Energy Completes Riverbend Oil and Gas IX Acquisition

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3▲1 ▼0Impact / 5
Summary · why it matters

Viper Energy Inc. has completed its acquisition of Riverbend Oil and Gas IX. The company paid approximately $337 million in cash and issued around 3.7 million Class A common shares to the sellers. The cash portion was funded through existing cash balances and the company's credit facility. Viper Energy manages oil and natural gas properties across North America and operates as a subsidiary of Diamondback Energy Inc.

Impact on assets 3

Energy▲
Viper Energy Ut
VNOM
▲ PositiveCapitalrelevance

Viper Energy completed a $337M acquisition, expanding its asset base.

Diamondback Energy Inc
FANG
± MixedCapitalrelevance

Viper Energy, a subsidiary of Diamondback Energy, completed an acquisition; impact on parent is indirect and neutral.

Semiconductors▲