Latham & Watkins Advises on Viper Energy, Inc.’s Secondary Public Offering of Class A Common Stock

Viper Energy, Inc. (NASDAQ: VNOM) (Viper) announced the pricing of an underwritten public offering of 11,500,000 shares of its Class A common stock (the Secondary Offering) by Viper’s parent, Diamondback Energy, Inc. (the Secondary Stockholder). The gross proceeds from the sale of the shares by the Selling Stockholder will be approximately US$402.5 million. Viper will not receive any proceeds from the sale of the shares by the Selling Stockholder. The Secondary Offering is expected to close on March 8, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by Austin partners Michael Chambers and David Miller and Houston partner Monica White, with associates Connor Adams and Carol Bale. Advice was also provided on tax matters by Houston partner Tim Fenn, with associate Dominick Constantino; and on environmental matters by Los Angeles/Houston partner Josh Marnitz, with associates Nolan Fargo and Jacqueline Zhang.