Viper Energy, a subsidiary of Diamondback Energy, has finalized its acquisition of Riverbend Oil & Gas IX's mineral and royalty interests for $337 million in cash and 3.7 million shares. This deal strengthens Viper's portfolio in oil-rich basins, primarily the Permian Basin, enhancing its asset base and future revenue potential. The cash portion was funded through existing cash and credit facility borrowings. This acquisition aligns with Viper's strategy to expand its holdings in North American oil and gas properties.

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Diamondback Energy to release Q2 2026 results on August 3, with a conference call on August 4

Diamondback Energy, an independent oil and gas company, announced it will release its second quarter 2026 financial results on August 3 after market close. The company will hold a conference call and webcast for investors and analysts on August 4 at ...

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Viper Energy completes $337M acquisition of Riverbend mineral and royalty interests

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Diamondback Energy to release Q2 2026 results on August 3, with a conference call on August 4

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Viper Energy completes $337M acquisition of Riverbend mineral and royalty interests

More News (FANG)

Diamondback Energy to release Q2 2026 results on August 3, with a conference call on August 4

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