Viper Energy Inc

Viper Energy has completed the acquisition of Riverbend Gas & Oil IX, L.L.C., acquiring all company interests including mineral and royalty rights. The consideration comprised $337 million in cash and approximately 3.7 million Class A common shares, financed from cash on hand and the credit facility. Viper Energy is a subsidiary of Diamondback Energy and focuses on mineral and royalty interests, particularly in the Permian Basin. » Altro su de.investing.com

Viper Energy has issued senior bonds worth $1.6 billion to refinance existing debt and prepare for the planned acquisition of Sitio Royalties. The issuance is part of a comprehensive debt management strategy and aims to increase the company's financial flexibility. Additionally, parent company Diamondback Energy announced an extension of its credit agreement and changes in management. » Altro su de.investing.com

Viper Energy has filed financial reports with the SEC related to its planned acquisition of Sitio Royalties. The merger is expected to strengthen Viper Energy's position in the minerals and royalties sector, increase production per share, and generate synergies of over $50 million. Additionally, a dividend increase was announced, and analysts view the acquisition positively. » Altro su de.investing.com