Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Has Completed Its Acquisition of Riverbend Mineral and Royalty Interests

Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., has completed its acquisition of Riverbend Oil & Gas IX, L.L.C.'s mineral and royalty interests for $337 million in cash and approximately 3.7 million shares of Viper Class A common stock. The acquisition was funded through cash on hand and borrowings under the company's credit facility.