VNOM

Viper Energy, Inc., formerly Viper Energy Partners LP, owns, acquires, and exploits oil and natural gas properties in North America. The Company is focused on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. The Permian Basin consists of approximately 75,000 square miles centered around Midland, Texas. The Company’s assets consist of mineral and royalty interests underlying 775,180 gross acres and 26,315 net royalty acres in the Permian Basin. The estimated proved oil and natural gas reserves of its assets are approximately 148,900 thousand barrels of crude oil equivalent (MBOE). Of these reserves, approximately 72% are classified as proved developed producing reserves. The Company's proved undeveloped reserves include approximately 525 gross horizontal well locations. Its proved reserves include approximately 53% oil, 23% natural gas liquids and 24% natural gas.