LIQUIDITY

• Viper will exchange minerals for cash or Viper units
• Units provide daily market valuation and easier means of divestiture
• Units could pay quarterly distributions

TAX ADVANTAGES

• Units enable easier, more discreet transfer of wealth than mineral interests
• Tax free exchange could be available

DIVERSIFICATION

• Potential exposure to other top-tier, oil-weighted basins

PROFESSIONAL MANAGEMENT

• Same management team as Diamondback Energy, Inc.
• Decades of experience and superior track record of returns

ABOUT VIPER ENERGY PARTNERS

Viper Energy Partners LP is a limited partnership formed by Diamondback Energy, Inc (NASDAQ:FANG) to own, acquire and exploit oil and natural gas properties in North America, with an initial focus on the Permian Basin.