Oil Production Set to Surge at Viper Energy Following Landmark Acquisition
In a move expected to significantly boost its oil production, Viper Energy (NASDAQ:VNOM) has successfully completed its acquisition of Tumbleweed assets valued at $1.1 billion. This strategic deal is projected to increase the company’s 2025 oil production by a substantial 16% compared to pre-acquisition levels.
As part of the transaction, Viper Energy has issued approximately 21.6 million new shares, comprising both equity offerings and additional shares issued under a special promotion. This influx of new shares is expected to provide a significant capital injection, further solidifying the company’s position in the energy sector.
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This article represents the author’s independent views and opinions, with no affiliation or compensation from any mentioned companies.
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