Viper Energy, headquartered in Midland, Texas, focuses on acquiring oil and natural gas properties in the Permian Basin, holding 1,197,638 gross acres with estimated reserves of 179,249 MBOE. The company's reserves comprise approximately 50% oil, 25% natural gas liquids, and 25% natural gas.
VNOM has been in the news recently: Viper Energy's short percent of float has risen to 15.46%, with 7.00 million shares sold short, indicating it would take 6.25 days to cover these positions. Additionally, Sitio Royalties Corp. saw its shares increase by over 12.2% following the announcement of a $4.1 billion deal with Viper Energy.
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