Viper Energy Finalizes Sitio Royalties Acquisition Successfully

Viper Energy Closes Acquisition of Sitio Royalties Corp

Today marks an important milestone for Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG). The company has successfully completed its acquisition of Sitio Royalties Corp., a strategic move expected to enhance Viper's asset base. This acquisition opens new avenues for growth as Viper integrates Sitio's substantial oil and natural gas properties.

Revised Production Guidance for Q3 2025

In light of this acquisition, Diamondback Energy has updated its production guidance for the third quarter of 2025. This adjustment takes into account the contributions from the Sitio assets, which are expected to add significant value to the company's production capabilities.

Diamondback Energy’s Updated Production Targets

The revised production targets for Q3 2025 indicate a net production range of approximately 908 to 938 MBOE/d, reflecting an increase from previous estimates of 890 to 920 MBOE/d. Furthermore, oil production is now anticipated to be between 494 to 504 MBO/d, up from the earlier projection of 485 to 495 MBO/d. This increase is a robust indicator of Diamondback's forward trajectory and operational efficiency.

Viper Energy's Contribution

For Viper Energy, the projected production guidance has also been adjusted, anticipating results between 104 and 110 MBO/d for the third quarter. This acquisition not only solidifies Viper’s position in the market but also strengthens its operational framework within the thriving Permian Basin, renowned for its rich oil and natural gas reserves.

Future Outlook

As Diamondback Energy approaches the release of its third-quarter earnings report, plans are in place to provide investors with updated full-year guidance for 2025. This upcoming announcement is eagerly awaited by stakeholders. It will outline how the newly acquired assets from Sitio will be leveraged to potentially enhance overall production and profitability.

About Diamondback Energy, Inc.

Diamondback Energy is recognized as an independent leader in the oil and natural gas sector, specializing in the acquisition, exploration, and development of unconventional reserves. With its headquarters in Midland, Texas, the company has carved a niche for itself in the lucrative Permian Basin. The strategic acquisitions and ongoing development efforts place Diamondback on a solid growth trajectory.

About Viper Energy, Inc.

Viper Energy, established by Diamondback, is dedicated to owning and acquiring high-quality oil and natural gas properties across North America. With a keen focus on mineral and royalty interests in predominantly oil-rich regions, Viper aims to enhance its asset portfolio strategically.

Frequently Asked Questions

What is the significance of Viper Energy's acquisition of Sitio Royalties?

The acquisition strengthens Viper's asset base and is expected to enhance production capabilities and overall value within the oil and natural gas sector.

What are the updated production estimates for Q3 2025?

Diamondback Energy has increased its projected production to 908-938 MBOE/d, while Viper expects a range of 104-110 MBO/d.

How does this acquisition impact Diamondback Energy?

This acquisition allows for increased production efficiency and reinforces Diamondback's growth strategy within the Permian Basin.

When will Diamondback Energy provide further guidance?

Diamondback is expected to offer updated full-year 2025 guidance with its third-quarter earnings release in November.

How can I learn more about Diamondback Energy and Viper Energy?

For more detailed information, you can explore their official websites where they provide insights into their projects, strategies, and contact information for further inquiries.

About The Author

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