Viper Energy Strikes $4.1 Billion Deal with Sitio Royalties

Deal News | Jun 03, 2025 | Wachtell, Lipton, Rosen & Katz

Viper Energy, Inc., a subsidiary of Diamondback Energy, has announced its acquisition of Sitio Royalties Corp. in a transaction valued at $4.1 billion. The merger between Viper Energy and Sitio Royalties combines two significant players in the energy sector, likely enhancing operational efficiencies and expanding resource portfolios. Legal advisory services were provided by Wachtell, Lipton, Rosen & Katz. The transaction is expected to solidify Viper Energy's market position and enhance shareholder value as both companies are noted as industry leaders. The merger is to conclude by June 3, 2025, pending necessary regulatory approvals.

Sectors

  • Energy
  • Legal Services

Geography

  • United States – Both Viper Energy and Sitio Royalties are headquartered in the United States and operate within the U.S. market.

Industry

  • Energy – The article focuses on a major acquisition in the energy sector with Viper Energy acquiring Sitio Royalties.
  • Legal Services – Legal advisory services are provided by the law firm Wachtell, Lipton, Rosen & Katz.

Financials

  • 4.1 billion – The deal value of Viper Energy's acquisition of Sitio Royalties.

Participants

NameRoleTypeDescription
Viper Energy, Inc.Acquiring CompanyCompanyViper Energy, Inc. is a subsidiary of Diamondback Energy, specializing in mineral interest ownership and management.
Diamondback Energy, Inc.Parent Company of Acquiring CompanyCompanyDiamondback Energy, Inc. is a leading oil and natural gas company engaged in the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
Sitio Royalties Corp.Target CompanyCompanySitio Royalties Corp. is a company that owns oil and gas mineral interests, primarily focused in the U.S.
Wachtell, Lipton, Rosen & KatzLegal AdvisorCompanyA prominent law firm known for its corporate, litigation, and antitrust practices, providing legal advisory for the transaction.