Diamondback owns and controls our general partner. We believe that the properties held by Diamondback include properties that have, or with additional development will have, production and reserves characteristics that could make them attractive for inclusion in our partnership. We believe Diamondback’s significant ownership in us will motivate it to offer additional oil and natural gas properties to us in the future, although Diamondback has no obligation to do so and may elect to dispose of properties without offering us the opportunities to acquire such properties.
Furthermore, we believe Diamondback will provide us with opportunities to pursue acquisitions that will be accretive to our unitholders. Diamondback views our partnership as part of its growth strategy, and we believe that Diamondback will be incentivized to pursue acquisitions jointly with us in the future.
For more information please visit www.diamondbackenergy.com