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Viper Energy Announces Upsized Stock Offering for Pending Acquisition

Viper Energy Announces Upsized Stock Offering for Pending Acquisition

09/12/24, 12:42 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmidland
Money
$414 million
Industry
oil and gas
energy
Type
partnership
Viper Energy, Inc. announced the pricing of an upsized underwritten public offering of 10,000,000 shares of its Class A common stock, with expected net proceeds of approximately $413.7 million. The company intends to utilize the proceeds, along with cash on hand and borrowings, to fund a portion of the cash consideration for its pending acquisition of certain mineral and royalty-interest owning subsidiaries of Tumbleweed Royalty IV, LLC.

Company Info

Company
Viper Energy
Location
midland, texas, united states
Additional Info
Viper is a publicly traded Delaware corporation that owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. For more information, please visit www.viperenergy.com.