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Viper Energy, Inc. owns and acquires mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin. Its business model focuses on generating stable cash flow from long-lived, oil-weighted assets while minimizing operational costs. The company leverages relationships with Diamondback Energy for acquisitions and management services, emphasizing organic growth, asset high-grading, and disciplined capital management.
This description was generated via AI from an annual report. Updated about 1 year ago.