Master limited partnership focused on owning and acquiring oil and natural gas properties in North America.
Viper Energy Partners LP, headquartered in Midland, Texas, specializes in the ownership, acquisition, and exploitation of oil and natural gas properties across North America. The company's asset portfolio as of December 31, 2021, included mineral interests spanning 27,027 net royalty acres situated in prolific regions such as the Permian Basin and Eagle Ford Shale. These holdings contributed to Viper Energy Partners LP's estimated proved reserves totaling 127,888 thousand barrels of crude oil equivalent.
Operating under the stewardship of Viper Energy Partners GP LLC, the company benefits from strategic management and oversight. Established in 2013, Viper Energy Partners LP operates as a subsidiary of Diamondback Energy, Inc., leveraging synergies within its corporate structure to enhance operational efficiency and capitalize on growth opportunities in the energy sector. With a focus on sustainable resource development and prudent asset management, Viper Energy Partners LP remains committed to delivering long-term value to its stakeholders amidst the dynamic landscape of the oil and gas industry.
As part of its growth strategy, Viper Energy Partners LP continues to explore new opportunities for expansion and enhancement of its mineral interests portfolio. The company's strategic location in the heart of key North American oil-producing regions positions it favorably to capitalize on emerging trends and technological advancements in the energy extraction sector, reinforcing its role as a resilient player in the market.