Viper Energy Closes $337M Riverbend Mineral Rights Acquisition
Viper Energy finalized its purchase of Riverbend Oil & Gas IX mineral and royalty interests for $337M cash plus 3.7M shares.
Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy (NASDAQ: FANG), completed its acquisition of all equity interests in Riverbend Oil & Gas IX, L.L.C. on July 1, 2026, securing a portfolio of mineral and royalty interests in a deal valued at $337 million in cash plus approximately 3.7 million shares of Viper Class A common stock.
The Midland, Texas-based company funded the cash portion of the transaction through a combination of existing cash on hand and borrowings drawn from its revolving credit facility. The share component was issued at a par value of $0.000001 per share, and both sides agreed the final figures remain subject to customary post-closing adjustments.
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The sellers in the transaction were Riverbend Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C., the equity holders of the Riverbend entity. For Viper, which focuses on acquiring mineral and royalty interests in premier oil-producing basins, the deal adds to a growing portfolio that benefits from upstream production activity without bearing direct drilling costs.
Mineral and royalty acquisitions like this one allow companies such as Viper to capture revenue from oil and gas production on underlying acreage while avoiding the capital expenditure burden that falls on operators. The transaction underscores continued consolidation appetite in the Permian Basin royalty space, where established players are competing to lock up non-operated mineral positions tied to high-quality acreage.
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