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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Jul. 27, 1:22 AM

Slide #2. Viper Energy Partners LP Secondary Offering

Company: Viper Energy Partners LP (NASDAQ:VNOM)
Date announced: 7/25/2016
Shares Offered: 7,000,000
Secondary Offering Details: Viper Energy Partners LP (Nasdaq:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (Nasdaq:FANG) ("Diamondback"), announced today that Viper has commenced an underwritten public offering of 7,000,000 common units representing limited partner interests, subject to market and other conditions. Viper anticipates granting the underwriter a 30-day option to purchase up to an additional 1,050,000 common units from Viper. All of the common units to be sold in this offering will be sold by Viper. The underwriter proposes to offer the common units from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Viper Energy Partners is engaged in owning and acquiring oil and natural gas properties in North America. Co. is focused primarily on oil and natural gas properties in the Permian Basin in West Texas. As of Dec. 31, 2015, the estimated proved oil and natural gas reserves of Co.'s assets were 26,344,692 barrels of crude oil equivalent. Of these reserves, approximately 53.9% were classified as proved developed producing reserves. As of Dec. 31, 2015, Co.'s proved reserves were approximately 70.0% oil, 15.0% natural gas liquids and 15.0% natural gas.
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Company Name:  Viper Energy Partners LP
Website:  www.viperenergy.com
Sector:  Oil & Gas Exploration & Production
 

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July 27, 2016    1:22 AM Eastern
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