Viper Energy Concludes Acquisition of Tumbleweed Royalty Subsidiaries

Viper Energy Inc. (VNOM) and its operating subsidiary, Viper Energy Partners LLC (also referred to as OpCo), have completed the acquisition of certain subsidiaries of Tumbleweed Royalty IV LLC owning mineral and royalty interests. The acquisition was previously announced in a purchase agreement dated Sept. 11, 2024. The acquisition was financed through a combination of cash and OpCo units. The transaction involved approximately $459 million in cash and nearly 10.1 million OpCo units issued to Tumbleweed Roy ...