Viper Energy Inc. announced the pricing of a secondary underwritten public offering of approximately 11.5 million shares of its Class A common stock being sold by its parent company Diamondback Energy Inc., Viper announced in a March 5 press release.
Viper will not receive any of the gross proceeds from the sale of the secondary offering, which will amount to $402.5 million. The secondary offering is expected to close on March 5, subject to customary closing conditions.
Diamondback granted the underwriters a 30-day option to purchase an additional 1.73 million shares of Viper's Class A common stock.
J.P. Morgan, Barclays, Evercore ISI and Goldman Sachs & Co. LLC are acting as joint book-running managers for the secondary offering.
BofA Securities, Capital One Securities, Comerica Securities, Pickering Energy Partners, Piper Sandler, PNC Capital Markets LLC, Raymond James, Roth Capital Partners, Scotiabank, Stifel and TPH&Co. are acting as co-managers of the secondary offering.
Recommended Reading
Belcher: Election Outcomes and Their Impacts on Future US Policy
2024-10-14 - Trump would back ‘energy dominance,’ while Harris would pursue a climate change agenda.
Biden-Led EPA Rolls Out Methane Fee Targeting Oil, Gas Emitters
2024-11-12 - Companies violating the new Environmental Protection Agency rules will start paying penalties next year based on methane emissions reported in calendar year 2024.
Industry Warns Ruling Could Disrupt GoM Oil, Gas Production
2024-09-12 - The energy industry slammed a reversal on a 2020 biological opinion that may potentially put an indefinite stop to oil and gas operations in the Gulf of Mexico—by December.
Trump Prepares Wide-Ranging Plans to Boost Gas Exports, Oil Drilling
2024-11-26 - Sources say that Trump will lift Biden's pause on LNG export licenses, expedite drilling permits on federal land and boots auctions of offshore drilling leases.
Bracewell: How Trump and Harris Differ (or Don’t) on Energy Policy
2024-10-16 - Presidential impact on energy prices is largely about perception, although LNG permitting, production incentives and the Inflation Reduction Act will be influenced depending on who is in the White House.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.