Latham & Watkins Advises Viper Energy on Repurchase Agreement With Kimmeridge

Viper Energy Partners LLC, a subsidiary of Viper Energy, Inc., has entered into a unit purchase and sale agreement with an affiliate of Kimmeridge Energy Management Company, LLC under which Viper Energy Partners is repurchasing 1,000,000 of its LLC units from Kimmeridge for an aggregate purchase price of US$40,650,000, or US$40.65 per unit, equivalent to the last Nasdaq closing price of Viper Energy, Inc. Class A common stock. The transaction was approved by the audit committee of Viper Energy, Inc.’s Board of Directors.   
 
Latham & Watkins LLP represents Viper Energy in the transaction with a corporate deal team led by New York partner Zachary Podolsky and Houston partner Ryan Lynch, with associates Chase Browndorf and Emily Brown. Houston partners Tim Fenn and Bryant Lee advised on tax matters, and Washington, D.C. partner Julia Thompson advised on securities and governance matters.