Viper Energy, Inc.

Viper Energy, Inc. is an upstream oil and gas company specializing in the ownership, acquisition, and management of mineral and royalty interests in North American oil and natural gas properties, with a primary focus on the Permian Basin and Eagle Ford Shale regions in Texas. The company generates revenue by leasing its mineral interests to third-party operators, who handle the operational and development costs, allowing Viper Energy, Inc. to benefit from a stable stream of royalties tied to production volumes and commodity prices. As a recent evolution from its former partnership structure, the firm continues to expand its asset base through strategic acquisitions, most notably merging with Sitio Royalties Corp in 2025 to consolidate its role as a leading pure-play mineral and royalty owner. Viper Energy, Inc.'s activities are integral to the broader energy sector, providing essential capital and streamlined mineral management for exploration and production companies, while playing a significant role in supporting North American oil and gas supply chains.