Viper Energy, Inc. is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests, primarily in the Permian Basin.
Our primary business objectives are to increase per share value for shareholders and maximize long-term returns. We intend to achieve these objectives primarily by capitalizing on the development of our existing assets and opportunistically executing on large-scale acquisitions. We expect production from our royalty assets to increase as operators continue to drill, complete, and develop our acreage – all of which requires no capital expenditures from us. Additionally, given the highly fragmented mineral ownership in the Permian Basin, we plan to execute on opportunistic acquisition opportunities that are both accretive to near-term financial measures as well as supportive of our long-term growth profile.
Viper is a subsidiary of Diamondback Energy, Inc. Our relationship with Diamondback provides unique insight into their development plans and reduces uncertainty around pace of development. As the primary operator of Viper’s royalty assets, Diamondback is incentivized to focus development on Viper’s acreage when possible due to improved consolidated returns.
