Deal Details

Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a senior co-manager on this offering

About

Viper Energy Partners LP (“Viper” or the “Partnership”) (NASDAQ: VNOM) a subsidiary of Diamondback Energy, Inc. ("Diamondback") (NASDAQ: FANG), recently completed an initial public offering of 5,750,000 common units at a price of $26.00 per unit, generating gross proceeds of $149.5 million. The Partnership intends to distribute the proceeds from the offering to Diamondback.

Viper is a limited partnership formed by Diamondback that is engaged in owning, acquiring and exploiting oil and natural gas properties in North America, with an initial focus on the Permian Basin. The Partnership is headquartered in Midland, Texas.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Nick Alfermann (314) 445-6531
Gary Placek (414) 765-3611
Energy
Initial Public Offering
Date
June 2014
Company
Viper Energy Partners LP
Transaction
M&A
Sectors
Energy
Target Geography
North America

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