Business
Diamondback Energy, Inc.’s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties
MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its publicly
About this update from Viper Energy, Inc.
[{"type":"text","content":"MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), has closed its previously announced acquisition of Sitio Royalties Corp. (“Sitio”). Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the Sitio acquisition. Updated Third Quarter 2025 Production GuidanceDiamondback has increased its third quarter 2025 production guidance to reflect 43 days of contribution from the Sitio assets beginning August 19, as follows: Q3 2025 GuidanceQ3 2025 Guidance Diamondback Energy, Inc.Viper Energy, Inc. Q3 2025 Net production - MBOE/d908 - 938 (from 890 - 920)104.0 – 110.0Q3 2025 Oil production - MBO/d494 - 504 (from 485 - 495)54.5 - 57.5 The Company will provide updated full-year 2025 guidance with its third quarter earnings release in November 2025. About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com. About Viper Energy, Inc.Viper is a corporation formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. For more information, please visit https://www.viperenergy.com/. Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions including Viper’s recently completed Sitio...