Warwick and GRP Energy to acquire non-Permian assets of Diamondback Energy-backed Viper Energy for $670m.

Warwick and GRP Energy, private equity firms, agreed to acquire non-Permian assets of Diamondback Energy-backed Viper Energy, a corporation focused on owning and acquiring mineral and royalty interests, for $670m. This strategic divestment allows Viper Energy to concentrate on its core operations in the Permian Basin, a region known for its prolific oil and natural gas-bearing zones.