Viper Energy sees Q1 average daily production 25,000 to 25,500 bo/d

Initiating average daily production guidance for Q1 2024 of 25,000 to 25,500 bo/d or 44,750 to 45,500 boe/d, Initiating full year 2024 average daily production guidance of 25,500 to 27,500 bo/d or 45,500 to 49,000 boe/d, As of December 31 there were approximately 787 gross horizontal wells in the process of active development on Viper’s acreage in which Viper expects to own an average 1.7% net royalty interest or 13.4 net 100% royalty interest wells; Approximately 762 gros or 20.0 net 100% royalty interest , line-of-sight wells on Viper’s acreage that are not currently in the process of active development, but for which Viper has visibility to the potential of future development in coming quarters, based on Diamondback’s current completion schedule and third party operators’ permits “The fourth quarter wrapped up a milestone year for Viper. For the full year, average oil production increased 13% compared to the previous year while our average share count was reduced by one percent over the same period. As a result of continued strong organic production growth, accretive acquisitions, and an opportunistic share repurchase program, the fourth quarter of 2023 represented the eighth consecutive quarter of increased production per share for Viper Energy,” stated Travis Stice, Chief Executive Officer of Viper.