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Viper Energy ( (VNOM) ) has issued an announcement.
Viper Energy, Inc., along with its subsidiary, Viper Energy Partners LLC, has entered into a definitive agreement to acquire Tumbleweed Royalty IV, LLC for $461 million in cash and over 10 million OpCo units, plus contingent future payments based on oil prices. Funded through cash, credit, and potential capital market transactions, the deal includes mineral and royalty interests in the prolific Permian Basin and is set to close in early Q4 2024, signaling a strategic expansion for Viper and promising significant production growth.
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