Viper Energy filed a prospectus with the U.S. Securities and Exchange Commission (SEC) regarding the resale of up to 3.69M shares of its Class A Common Stock by selling stockholders. The filing allows the selling stockholders to offer their shares from time to time. Viper Energy will not receive any proceeds from the resale of these shares.

The prospectus was submitted to the SEC and details the specific terms of the potential resale. The shares being offered are part of a larger registration statement that covers the securities being sold by the stockholders.

Key Details of the Offering

The resale is being conducted entirely by the selling stockholders, and Viper Energy's role is limited to facilitating the registration of the shares. The specific timing and price of the sales will be determined by the stockholders.

Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., has completed its acquisition of all equity interests of Riverbend Oil & Gas IX, L.L.C., an entity owning certain mineral and royalty interests. The transaction, valued at $337 million in cash and approximately 3.7 million shares of Viper’s Class A common stock, expands Viper's holdings in oil-weighted basins, primarily the Permian Basin. The cash portion was funded through a combination of cash on hand and borrowings under the Company’s credit facility.

Transaction Details

The acquisition involved the purchase of equity interests from Riverbend Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C. The deal is subject to customary post-closing adjustments. The shares issued have a par value of $0.000001 per share.

Strategic Context

Viper Energy was formed by Diamondback to own, acquire, and exploit oil and natural gas properties in North America. This acquisition aligns with its strategy to focus on mineral and royalty interests in the Permian Basin. Diamondback Energy, headquartered in Midland, Texas, is an independent oil and natural gas company focused on unconventional, onshore reserves in the same region.