Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Announces Acquisition
Vinson & Elkins advised each of Tumbleweed Royalty IV, LLC (“TWR IV”), a royalty company backed by EnCap Investments L.P., and Tumbleweed Royalty II, LLC (“TWR II”), a royalty company backed by Quantum Capital Group, in connection with their entry into agreements whereby Viper Energy Partners, LLC (“Viper”), a subsidiary of Viper Energy, Inc. (NASDAQ: VNOM), would acquire 100% of the equity interests in certain of their subsidiaries.
TWR IV and TWR II are both managed by Double Eagle Natural Resources, LP, which V&E has advised on multiple prior exits.
The Vinson & Elkins team advising TWR IV was led by partners Bryan Loocke and Mike Marek and senior associate Ted Belden, with assistance from senior associate Michael Zarcaro and associate Rivers Stephens. The Vinson & Elkins team advising TWR II team was led by partner Shay Kuperman and counsel Elena Sauber. Other key team members included partners Megan James, David Peck, Robert Hughes and Jason McIntosh, with assistance from senior associates Michael Zarcaro, Curt Wimberly, Dan Henderson and Alex Turner and associates Adam Bateman, Drew Clements and Paige Melton.
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