Viper Energy Acquires Sitio Royalties in $1.9B Deal

Viper Energy, a subsidiary of Diamondback Energy, has closed its acquisition of Sitio Royalties Corp. The deal was previously announced and marks a strategic expansion for Viper Energy. Details of the acquisition were not disclosed.

Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., has successfully closed its acquisition of Sitio Royalties Corp. The deal, previously announced, marks a strategic expansion for Viper Energy. While specific details of the acquisition were not disclosed, the transaction is expected to significantly impact the company's production guidance.

In line with the acquisition, Diamondback Energy has revised its third-quarter 2025 production guidance to reflect the contributions from Sitio assets beginning August 19. The updated guidance includes a projected net production range of 908 to 938 MBOE/d and oil production of 494 to 504 MBO/d. This represents an increase from the previous guidance of 890 to 920 MBOE/d and 485 to 495 MBO/d.

Diamondback Energy, based in Midland, Texas, focuses on oil and natural gas exploration primarily in the Permian Basin. The acquisition of Sitio Royalties Corp. is expected to enhance Viper Energy's portfolio of oil and natural gas assets, contributing to increased production and operational expansion.

The company plans to provide a full-year 2025 guidance update with its upcoming third-quarter earnings release in November 2025. This update will further inform investors about Diamondback's growth outlook and operational strategies.

The announcement of forward-looking statements includes significant risks and uncertainties that could lead to outcomes differing materially from the company's expectations. The broader context of market volatility and potential instability in the financial and energy markets could negatively impact investor confidence.

Diamondback Energy is headquartered in Midland, Texas, and focuses on oil and natural gas reserves in the Permian Basin. Viper Energy, Inc. focuses on acquiring and exploiting oil and natural gas properties, particularly mineral and royalty interests in North America.

References:
[1] https://www.quiverquant.com/news/Diamondback+Energy%27s+Viper+Energy%2C+Inc.+Completes+Acquisition+of+Sitio+Royalties+Corp.+and+Updates+Q3+2025+Production+Guidance