Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Has Completed Its Acquisition of Riverbend Mineral and Royalty Interests

Viper Energy, a subsidiary of Diamondback (FANG), completed its acquisition of Riverbend Oil & Gas IX, L.L.C. for $337 million in cash and approximately 3.7 million shares of Viper Class A common stock. The acquired entity holds mineral and royalty interests, primarily in the Permian Basin, which aligns with Viper's strategy to own oil-weighted assets.

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