US operator shifts mineral interests to subsidiary for $4.45 billion

Diamondback Energy to sell ‘certain mineral and royalty interests’ to Viper Energy in drop-down transaction

Diamondback Energy chief executive Travis Stice.
Diamondback Energy chief executive Travis Stice.Photo: PHIL MCCARTEN/CORPORATEEVENTIMAGES/UPSTREAM
Published 30 January 2025, 21:48Updated 31 January 2025, 08:09
Diamondback EnergyTexasUnited StatesAmericasNorth America