Viper Energy Completes Riverbend Acquisition for $337M Cash + 3.7M Shares

Viper Energy, Inc. announced the completion of its previously announced acquisition of Riverbend Oil & Gas IX, L.L.C. The transaction involved a payment of $337 million in cash and the issuance of approximately 3.7 million shares of Viper's Class A common stock. The cash component was financed through a combination of existing cash and borrowings from the company's credit facility.