Diamondback-backed Viper Energy, a limited partnership formed to own, acquire and exploit oil and natural gas properties, completed the acquisition of certain mineral and royalty interests from Swallowtail, a Royalty and Mineral acquisition company for $553. “This acquisition checks all the boxes in what we look for at Viper. The acreage is Tier 1 and primarily operated by Diamondback, we expect it to be accretive to near-term financial metrics, and there is significant long-term value to be created based on Diamondback’s expected multi-year forward development plan. The large, contiguous block of primarily undeveloped acreage in the Sale and Robertson ranches will drive oil production growth for Viper, which in addition to the strong current production levels on the third party operated acreage, will support our current strong free cash flow generation for the next several years,” Travis Stice, Viper CEO.