38.89000 USD
0.54
1.37%
Last update Dec 16, 3:59 PM EST
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Day range
37.75
39.19000
Previous close
39.43000
Open
39.029999
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Viper Energy, Inc.
38.89
0.54
1.37%

Overview

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Description

Viper Energy Partners L.P. is a master limited partnership engaged in owning and acquiring mineral and royalty interests across North America. Its primary function is to generate income through the acquisition and management of these interests, which yield revenues from oil and gas production without the company's direct involvement in the physical extraction process. Instead, Viper Energy Partners benefits from royalty payments from producers utilizing their mineral acreage. The partnership's interests are strategically focused in key U.S. energy-producing regions, notably the Permian Basin, known for its rich deposits and significant contribution to the American oil and gas industry. This positions Viper Energy Partners as a crucial player in the energy sector, providing investors with exposure to the oil and gas market's dynamics, driven by production volumes and commodity prices. Viper Energy Partners is recognized in the market for its targeted approach to expanding its mineral acreage, which enhances its ability to deliver consistent royalty income streams. This approach underscores its significance in the financial market as a conduit for investors seeking income-generation opportunities linked to energy production without taking on the risks associated with direct extraction operations.

About

CEO
Mr. Matthew Kaes Van't Hof
Employees
0
Address
500 West Texas Ave
Suite 100
Midland, 79701, TX
United States
Phone
432 221 7400
Website
Instrument type
Limited partnership
Sector
Energy
Industry
Oil & Gas Midstream
Country
United States
MIC code
XNGS
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