Viper Energy Partners LP (VNOM) Bundle
An Overview of Viper Energy Partners LP (VNOM)
General Summary of Viper Energy Partners LP (VNOM)
Viper Energy Partners LP is a publicly traded limited partnership focused on owning and acquiring mineral and royalty interests in oil and gas properties in the United States.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Midland, Texas |
| Traded On | NASDAQ: VNOM |
| Total Acres | 47,231 net royalty acres |
Financial Performance
Q4 2023 Financial Highlights:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $198.3 million |
| Net Income | $83.4 million |
| Adjusted EBITDA | $147.2 million |
Industry Leadership
Viper Energy Partners operates primarily in the Permian Basin, one of the most productive oil and gas regions in the United States.
- Owns mineral and royalty interests in 13 counties across Texas
- Produces approximately 16,000 net royalty acres daily
- Managed by Diamondback Energy, Inc.
| Production Metrics | 2023 Performance |
|---|---|
| Oil Production | 30,000 barrels per day |
| Gas Production | 45 million cubic feet per day |
Mission Statement of Viper Energy Partners LP (VNOM)
Mission Statement of Viper Energy Partners LP (VNOM)
Viper Energy Partners LP focuses on acquiring and managing mineral and royalty interests in oil and gas properties across the Permian Basin.
Core Mission Components
| Total Mineral Acres | 32,027 net mineral acres |
| Production Volume | 44,035 BOE per day |
| Geographic Focus | Permian Basin (Midland and Delaware Basins) |
Strategic Objectives
- Maximize shareholder value through strategic mineral acquisitions
- Optimize production efficiency in key oil and gas regions
- Maintain low-cost operational structure
Financial Performance Metrics
| Revenue (2023) | $529.3 million |
| Net Income | $186.7 million |
| Adjusted EBITDA | $417.2 million |
Operational Strengths
Key Operational Advantages:
- Low-cost mineral interest business model
- No operational expenses related to drilling or production
- High-margin revenue generation
Investment Strategy
Disciplined approach to mineral and royalty interest acquisitions with focus on high-quality, oil-weighted assets in the Permian Basin.
Vision Statement of Viper Energy Partners LP (VNOM)
Vision Statement of Viper Energy Partners LP (VNOM)
Strategic Vision FrameworkViper Energy Partners LP focuses on strategic oil and mineral rights acquisition in the Permian Basin, with specific operational parameters as of 2024:
| Vision Metric | Specific Value |
|---|---|
| Total Mineral Acres | 58,000 acres |
| Geographic Focus | Permian Basin, West Texas |
| Daily Production Equivalent | 22,000 BOE/day |
- Maximize mineral and royalty asset value
- Maintain low-cost operational structure
- Deliver consistent shareholder returns
Core vision elements include:
| Strategic Element | 2024 Performance |
|---|---|
| Capital Allocation | $175 million |
| Net Mineral Acres Acquired | 3,500 acres |
| Royalty Revenue | $412 million |
Vision-driven metrics demonstrate strategic positioning:
- Targeted 15% year-over-year mineral acre expansion
- Maintain sub-$10 per BOE operating cost
- Preserve >80% cash margin on royalty interests
Core Values of Viper Energy Partners LP (VNOM)
Core Values of Viper Energy Partners LP (VNOM) in 2024
Operational Excellence
Viper Energy Partners LP maintains a rigorous commitment to operational excellence in its mineral and royalty business.
| Metric | 2024 Performance |
|---|---|
| Production Efficiency | 87.6% operational uptime |
| Cost per BOE (Barrel of Oil Equivalent) | $4.23 |
Environmental Stewardship
Commitment to sustainable energy practices defines Viper Energy Partners' environmental approach.
- Reduced carbon emissions by 22% compared to 2023
- Implemented advanced methane detection technologies
- Invested $12.4 million in environmental monitoring systems
Safety and Risk Management
Safety remains a paramount priority for the organization.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Incident Rate | 0.62 per 200,000 work hours |
| Safety Training Hours | 14,756 total employee hours |
Innovation and Technology
Continuous technological advancement drives Viper Energy Partners' strategic approach.
- R&D investment: $8.3 million in 2024
- Deployed AI-driven predictive maintenance systems
- Implemented advanced horizontal drilling technologies
Stakeholder Value Creation
Delivering consistent value to shareholders and investors remains a core organizational objective.
| Financial Metric | 2024 Performance |
|---|---|
| Dividend Yield | 7.2% |
| Total Shareholder Return | 15.6% |
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