Viper Energy (VNOM), a subsidiary of Diamondback Energy (FANG), finalized its acquisition of mineral and royalty interests from Riverbend Oil & Gas on July 1, 2026.
The transaction involved $337 million in cash and approximately 3.7 million shares of Viper's Class A common stock. Viper financed the cash component using a combination of cash on hand and its existing credit facility.
This acquisition expands Viper's portfolio of oil and natural gas properties. The assets are located in oil-weighted regions and provide significant operational overlap within the Permian Basin.