Viper Energy, Inc., a limited partnership formed in Delaware on February 27, 2014, to own, acquire and develop oil and natural gas properties in North America. Its main business objective is to provide substantial returns to unit holders by focusing on business results, maximizing dividends through organic growth, and seeking growth opportunities through the acquisition of mineral interests and similar investments. The Company's initial assets include mineral interests in the Permian Basin in West Texas, most of which are leased to operating interest holders responsible for operating costs. Viper Energy will continue to focus on oil and natural gas assets in the Permian Basin, a historically important oil producing area with abundant production.
