Viper Energy Completes Acquisition of Riverbend Oil and Gas IX
Viper Energy (VNOM) completed its acquisition of Riverbend Oil and Gas IX for $337 million in cash and approximately 3.7 million Class A common shares, funded through existing cash reserves and a credit facility. The move is seen as positive by analysts who maintain an Overweight rating on the stock despite recent adjustments to target prices.
Topics: acquisition oil and gas Viper Energy