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|Viper Energy Partners LP, A Subsidiary Of Diamondback Energy, Inc., Announces Effective Date Of Tax Status Change From Pass-Through Partnership To A Taxable Entity|
After the effectiveness of the tax status election and the completion of related transactions, the minerals business will continue to be conducted through Viper's wholly-owned subsidiary, which will be taxed as a partnership for federal and state income tax purposes.
Viper is a limited partnership formed by Diamondback to own, acquire and exploit oil and natural gas properties in
Diamondback is an independent oil and natural gas company headquartered in
This news release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than historical facts, that address activities that Viper assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. These forward-looking statements involve certain risks and uncertainties that could cause the results to differ materially from those expected by the management of Viper. Information concerning these risks and other factors can be found in Viper’s filings with the