Business Description

We are a Delaware limited partnership formed to own, acquire and exploit oil and natural gas properties in North America. Our primary business objective is to provide an attractive return to unitholders by focusing on business results, maximizing distributions and pursuing accretive growth opportunities through acquisitions from Diamondback Energy (NASDAQ:FANG) and from third parties. Our initial assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas, substantially all of which are leased to working interest owners who bear the costs of operation and development.