Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., has closed on a public offering of 10,080,000 common units representing limited partner interests at a public offering price of $31.25 per unit.
The total gross proceeds of the offering (before underwriters’ discounts and commissions and estimated offering expenses) was approximately $315 million.
Viper Energy Partners LP owns, acquires, exploits, and develops oil and natural gas properties in North America. The company, led by Steven E West, Travis D Stice and Teresa L Dick, in 2017 recorded $172 Million Revenues.
Akin Gump corporate partner Seth Molay (Picture) led the team advising Viper Energy. He was joined by tax partner Alison Chen, corporate senior counsel Irina Maistrenko and global energy and transactions senior counsel Alexandra Reuss and associates Chase Armbrust, Michelle Moreland and Cabell Massey.
Law Firms: Akin Gump;
Clients: Viper Energy Partners, LP;