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Stock impact report

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces All-Equity Acquisition

Viper Energy, Inc. - Class A (VNOM) 
Last viper energy, inc. - class a earnings: 2/11 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: viperenergy.com/news
Company Research Source: GlobeNewswire
MIDLAND, Texas, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper" or the “Partnership”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced it has entered into a definitive purchase and sale agreement (“the Purchase and Sale Agreement”) to acquire certain mineral and royalty interests (“the Assets”) from Santa Elena Minerals, LP (“Santa Elena”) for approximately 5.2 million common units representing limited partner interests in Viper (“Common Units”), subject to certain adjustments (the “Pending Acquisition”).  The transaction is valued at $150 million and will have an effective date of October 1, 2019 with closing anticipated in the fourth quarter of 2019, subject to continued diligence and closing conditions. ACQUISITION HIGHLIGHTS 1,358 net royalty acres across two ranches primarily in Glasscock and Martin counties; over 65% of acreage is operated by DiamondbackAcreage has a ~5.6% average NRI that will provid Show less Read more
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