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Viper Ramps Up Production 99% YOY; Brings Permian Wells Online
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Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., today announced financial and operating results for the second quarter ended June 30, 2015 and provided updated 2015 guidance.
Highlights: The Board of Directors of Viper's general partner has declared a cash distribution for the three months ended June 30, 2015 of $0.22 per common unit, payable on August 21, 2015, to unitholders of record at the close of business on August 14, 2015. This represents an approximate 6% yield when annualized based on the closing price for Viper's common units on July 28, 2015. The Company has increased its full year 2015 production guidance to a range of 4,800 boe/d to 5,100 from prior guidance range of 4,600 to 5,000 boe/d. Second quarter 2015 production was 4,832 boe/d, up 99% from 2,428…- ✓ Full news archive — U.S., Canada & international coverage
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