Viper Energy Inc. Class A Common Stock (1XJ)

Profile

https://www.viperenergy.com

Viper Energy, Inc. is a corporation focused on owning, acquiring, and exploiting mineral and royalty interests in oil and natural gas properties across North America. It primarily concentrates on oil-weighted basins, with a core emphasis on the prolific Permian Basin known for its extensive zones of oil and natural gas-bearing rock formations. As a subsidiary of Diamondback Energy, Inc., Viper Energy, Inc. benefits from development activities on its acreage conducted by Diamondback and third-party operators, generating revenue through royalties tied to production volumes and commodity prices. The company engages in strategic acquisitions to expand its portfolio of net royalty acres, encompassing interests in horizontal wells that enhance its exposure to upstream energy production without direct operational involvement. Viper Energy, Inc. plays a key role in the energy sector by providing a pure-play investment vehicle in mineral and royalty assets, supporting the midstream and upstream segments of the oil and gas industry. Founded in 2013 and headquartered in Midland, Texas, it operates through its general partner, Viper Energy Partners GP LLC, and maintains a lean structure with no direct employees, leveraging partnerships for asset management and growth.