Viper: Investment Highlights 4Q 21 cash available for distribution of 0.67/unit represents a Company record; Board approved distribution of 0.47/unit, up 24% quarter over quarter, represents 70% of cash available for distribution…
Viper Energy Partners Overview Differentiated Investment Opportunity Viper Mineral and Royalty Assets Unique Relationship with Primary Operator VNOM royalty acreage Diamondback relationship and ownership reduces uncertainty around…
Free Cash Flow Sensitivity Viper is uniquely positioned to generate free cash flow through commodity price cycles with high leverage to increasing oil prices; hedging strategy provides mostly uncapped exposure to upside At 85 WTI and…
High Growth, Oil Weighted Reserves Proved reserves at YE 2021 of 127.9 MMBoe (69.2 Proved Developed Reserves MMBo) represent a 29% increase over YE 2020 (MMBoe) (MBoe per mm units) reserves 91 543 465 73 437 Net proved reserve…
Record Cash Available for Distribution per Unit Viper generated record cash available for distribution per unit during Q4 2021 as both commodity prices and production increased significantly In addition to its resilient production…
Industry Leading Cash Margins Viper Cash Margins Versus Mineral and E&P Peers(1) 100% % of Realized Price Unhedged Cash Margin (/Boe) Mineral Peer E&P Peer 60 Cash Margin (% of Realized) 88% 82% 81% 81% 81% 77% 75% 50 Cash…
Efficient Structure to Return Cash With zero capital requirements and only limited operating costs, royalty companies will be insulated from the inflationary cost pressures faced by operators With a 70% payout ratio and an…
Portfolio Overview 179 gross (5.1 net) horizontal wells turned to production during Q4 2021 Near-term inventory of 10.6 net wells currently in the process of active development and an additional 11.6 net line-of-sight wells not…
Diamondback Activity on Vipers Acreage Higher exposure to Diamondbacks completions with a higher average NRI supports Vipers production despite lower gross Diamondback activity levels Following the closing of the Swallowtail…
Near-Term Inventory Summary and Forward Visibility Diamondback expects to focus its completion activity on areas where Viper has significant royalty interests, primarily in the Midland Basin Visibility into third party operators…
Diamondback 2022 Development Overview Diamondbacks Expected 2022 Activity on Vipers Royalty Acreage VNOM royalty acreage FANG acreage Andrews/NW Martin: 45-50 gross TIL Average NRI: 6.0% Howard: 20-25 gross TIL Average Lateral:…
How Viper Defines a Net Royalty Acre Methodology for deriving Net Royalty Vipers Formula for Net Royalty Acreage Acreage differs widely across the industry Many companies calculate assuming there are eight royalty acres for every…
Financial Overview Financial Strategy Viper Capitalization (MM) Maintain Financial Flexibility VNOM Capitalization & Leverage 12/31/2021 Borrowing base of 500 million with 304 million drawn Cash 39 as of 12/31/2021 Rev olv ing Credit…
Final Thoughts Viper Energy Partners offers sustainable free cash flow, substantial remaining inventory and upside to strength in commodity prices Mineral ownership provides surest form of security in the oil industry…
Viper Energy Partners LP Adam Lawlis, Vice President, Investor Relations 500 West Texas Ave., Suite 1200 (432) 221-7430 Midland, TX 79701 irviperenergy.com www.viperenergy.com Austen Gilfillian (432) 221-7420…
Loading...
