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Viper Energy Partners Is Moving at Striking Speeds
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Summary: Viper is steadily growing at a monster pace, quickly making its way up to play with the big boys.
During 2Q17:
- Production (10,491 boe/d - 73% oil) up 23% from 1Q17, up 95% YoY.
- 14 gorss Hz wells completed on Viper's Spanish Trail.
- Over 70 wells in Midland Basin and over 80 wells in Delaware Basin in various stages of drilling or awaiting completion.
- Updated 2017 Guidance expects production to be between 11,250 to 12,250 boe/d.
CEO Travis Stice boasts that Viper has doubled in production and more than doubled its assets in the past 12 months. "Viper remains active on the acquisition front, primarily focused on Diamonback operated properties, [ maximizing Viper's present value."
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