Viper Energy Partners LP: directors' dealings · United States · SEC (Form 4)

About Viper Energy Partners LP

Viper Energy Partners LP (ticker: VNOM) is a U.S.-listed energy royalty company trading on NASDAQ in the United States. Headquartered in Midland, Texas, Viper’s business model is fundamentally different from that of a conventional exploration and production company: it owns and acquires mineral and royalty interests, primarily in the Permian Basin, rather than operating wells itself. As a result, the company receives royalty income tied to hydrocarbons produced on its acreage, while avoiding most of the capital intensity and operating burden associated with drilling and completion activity. This asset-light structure is the core of Viper’s investment case. ([ir.viperenergy.com](https://ir.viperenergy.com/about/our-company/overview?utm_source=openai)) Viper was created by Diamondback Energy and remains closely associated with that sponsor. Diamondback is both an important strategic shareholder and one of the principal operators on Viper’s acreage, giving Viper unusually good visibility into development plans across its core footprint. The company’s principal executive offices are in Midland, Texas, and the business has historically been organized around the Permian, one of the most active and prolific oil basins in North America. That geographic concentration is a major strength, because it places Viper in a basin where drilling density, infrastructure access and operator quality tend to support long-lived development activity. ([ir.viperenergy.com](https://ir.viperenergy.com/about/our-company/overview?utm_source=openai)) From an operating perspective, Viper does not sell physical products in the traditional sense. Its “product” is royalty cash flow generated by production across its mineral footprint. The company’s revenues are therefore driven by well productivity, commodity prices, operator activity and the pace of development on its acreage. Its business lines are centered on owning mineral rights, acquiring additional royalty interests and monetizing production from those assets. This makes Viper more of a royalty and land-position platform than a direct producer. ([ir.viperenergy.com](https://ir.viperenergy.com/about/our-company/overview?utm_source=openai)) Recent news has been important for the company’s scale and portfolio quality. Viper completed the Sitio Royalties acquisition on August 19, 2025, a transaction that materially expanded its royalty base. It also announced divestitures of non-core non-Permian assets and continued smaller Permian acquisitions in early 2026, alongside a proposed Riverbend acquisition announced on May 1, 2026. In its latest filings and results, the company reported approximately 96,003 net royalty acres at December 31, 2025 and average 2025 production of 95,126 BOE/d, underscoring the enlarged earnings base created by these transactions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0002074176/000207417626000010/vnom-20251231.htm?utm_source=openai)) For international investors, VNOM offers a differentiated way to access U.S. oil and gas exposure: a royalty-focused, lower-capex model with strong Permian leverage, but still sensitive to commodity prices, operator execution and acquisition discipline. ([ir.viperenergy.com](https://ir.viperenergy.com/about/our-company/overview?utm_source=openai))