We advised the underwriters on the offering

Davis Polk advised the underwriters in connection with the $798 million SEC-registered secondary offering of 17,391,304 shares of Class A common stock of Viper Energy, Inc. by Diamondback Energy, Inc. and certain affiliates of EnCap Investments, L.P. and Oaktree Capital Management, L.P. Certain selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 2,608,696 shares of the common stock. The common stock is listed on the Nasdaq Global Select Market under the symbol “VNOM.”

Viper Energy owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin.

The Davis Polk capital markets team included partner Roshni Banker Cariello and associates Dennis Chu and Elli Park. The tax team included counsel Tracy L. Matlock and associate Michael Hsieh. Counsel Michael Comstock and associate David Sacasa-Ospina provided environmental advice. All members of the Davis Polk deal team are based in the New York office.

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