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Viper Energy ( (VNOM) ) has issued an announcement.
On January 30, 2025, Viper Energy announced a significant acquisition agreement with Endeavor Energy Resources to acquire mineral and royalty interests in the Permian Basin for $1 billion in cash and equity. This transaction, along with the acquisition of interests from Morita Ranches Minerals LLC for $211 million, aims to enhance Viper’s alignment with Diamondback’s development plans and is expected to be immediately accretive to financial metrics, reducing leverage and positioning Viper for continued growth. The acquisitions are subject to customary closing conditions and are expected to close in the first half of 2025, with Viper funding the cash portions through a combination of cash on hand, borrowings, and capital markets transactions.
More about Viper Energy
Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., is focused on owning and acquiring mineral and royalty interests in oil-weighted basins in North America, primarily the Permian Basin.
YTD Price Performance: -6.08%
Average Trading Volume: 860,522
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.74B
Learn more about VNOM stock on TipRanks’ Stock Analysis page.
