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Swallowtail Royalties II LLC

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  • 10/4/2021 - Viper Energy Partners... (subscriber access)

Company Transactions

Date: 10/4/2021
Type: Joint Venture

BUYERS:
  • Viper Energy Partners LP
    • SELLERS:
  • Swallowtail Royalties II LLC
  • Swallowtail Royalties LLC
    • DETAILS:

    COST: 225 $MM

    ACRES: 2302 Acres

    NOTES:
    Viper Energy Partners, a subsidiary of Diamondback Energy, closed on its purchase of mineral and royalty assets from Swallowtail Royalties and Swallowtail Royalties II (Blackstone Energy firms.) They issued 15.25 million common units and $225 million in cash for the 2,302 net royalty acres in the Northern Midland Basin.
    REGIONS:
  • Midland Basin