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Viper Energy Increases Third Quarter Oil Production and Expands Asset Acquisitions

Nasdaq +2 · ·by G4L

VNOM
VNOM Viper Energy Inc
$40.20 -1.03%
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  1. 1Viper Energy's daily oil production exceeded 69,000 barrels in the third quarter.
  2. 2The acquisition price for Viper Energy's McElroy Ranch in September was $529 million.
  3. 3Viper Energy is using $280 million for the acquisition of Buckhorn Minerals assets.

So what's the key point?

Viper Energy produced more than 69,000 barrels of oil per day. The company is growing its business by purchasing new assets.

Source Nasdaq +2 · View original ↗

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