Exploration & Production | Quarterly / Earnings Reports | Third Quarter (3Q) Update
Viper Energy Grows Production in 3Q; Hits 3,366 BOE/d
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Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., reported third quarter 2014 production.
Production attributable to Viper's mineral interests was 309.7 MBOE, or 3,366 BOE/d, for the third quarter of 2014, as compared to 221.0 MBOE, or 2,428 BOE/d, for the second quarter of 2014. The production mix was comprised of 75% oil, 14% natural gas liquids and 11% natural gas in the third quarter of 2014.
Travis Stice, Chief Executive Officer of Viper, commented: "I am pleased to report 3Q 2014 production attributable to Viper's mineral interests of 3,366 BOE/d, which represents a 39% increase over 2Q 2014 volumes. This meaningful increase in production indicates the development strategy of multi zone horizontal drilling is being successfully executed by the primary operators, Diamondback Energy and RSP Permian. Viper has no debt and an undrawn revolver of $110 million following the September 2014 offering."