Viper Energy (NASDAQ:VNOM) Partners LP (NASDAQ: VNOM) is a mineral and royalty company that primarily owns interests in oil and natural gas properties. The partnership’s business model centers on acquiring mineral acreage and royalty interests, allowing it to earn revenue from production without bearing the operational and capital costs of exploration, drilling or production. Viper’s portfolio generates cash flows through the receipt of royalty payments, which are tied to commodity prices and production volumes.
The majority of Viper’s assets are located in the Permian Basin of West Texas and southeastern New Mexico, one of the most prolific oil- and gas-producing regions in North America. Within the Permian, Viper holds mineral and royalty interests in both the Delaware and Midland sub-basins. These strategic holdings provide exposure to a diverse set of operators and development programs, spanning horizontal drilling, enhanced oil recovery and unconventional reservoir completions.
Originally formed in 2017 as a tracking stock for the mineral and royalty interests of Diamondback Energy, Viper has since built out its acreage position through both acquisitions and transactional partnerships with private and public operators. This structure has enabled the partnership to steadily expand its footprint in core drilling areas, while maintaining a focus on cost-effective acreage additions and accretive royalty purchases. Over time, Viper has cultivated relationships across the upstream oil and gas industry, leveraging its balance sheet to secure high-quality mineral interests.
Viper’s leadership team is led by President and Chief Executive Officer Michael L. Nusz and Chief Financial Officer Fred S. Weida, supported by a board of directors with deep experience in energy finance, exploration and production. The management team emphasizes disciplined capital allocation, active portfolio management and adherence to environmental, social and governance best practices. Through this approach, Viper Energy Partners seeks to provide investors with stable, commodity-linked income streams and long-term value creation in the minerals and royalties sector.
