Last $32.72 USD
Change Today -0.20 / -0.61%
Volume 18.5K
VNOM On Other Exchanges
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As of 5:20 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

viper energy partners lp (VNOM) Snapshot

Open
$32.80
Previous Close
$32.92
Day High
$33.11
Day Low
$32.70
52 Week High
06/23/14 - $36.00
52 Week Low
06/18/14 - $31.00
Market Cap
2.5B
Average Volume 10 Days
65.3K
EPS TTM
--
Shares Outstanding
77.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VIPER ENERGY PARTNERS LP (VNOM)

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viper energy partners lp (VNOM) Details

Viper Energy Partners LP owns, acquires, exploits, and develops oil and natural gas properties in North America. The company focuses on developing mineral interests covering approximately 14,804 gross acres in the Permian Basin in West Texas. As of December 31, 2013, its estimated proved oil and natural gas reserves consisted of 10,270 barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company. Viper Energy Partners LP was founded in 2013 and is based in Midland, Texas.

Founded in 2013

viper energy partners lp (VNOM) Top Compensated Officers

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Executives, Board Directors

viper energy partners lp (VNOM) Key Developments

Viper Energy Partners LP Enters into Senior Secured Revolving Credit Agreement with Wells Fargo Bank

On July 8, 2014, Viper Energy Partners LP entered into a Senior Secured Revolving Credit Agreement among Viper, as borrower, Wells Fargo Bank, National Association, as the administrative agent, sole book runner and lead arranger, and certain lenders from time to time party thereto. The Credit Agreement provides for a revolving credit facility in the maximum amount of $500.0 million, subject to scheduled semi-annual and other elective collateral borrowing base redeterminations based on Viper's oil and natural gas reserves and other factors, and subject to the maximum credit amounts of the lenders thereunder. The borrowing base is scheduled to be redetermined semi-annually with effective dates of April 1st and October 1st. In addition, Viper may request up to three additional redeterminations of the borrowing base during any 12-month period. As of July 8, 2014, the borrowing base was set at $110.0 million and Wells Fargo was the only lender under the Credit Agreement, with a maximum credit amount of $55.0 million. Under the Credit Agreement, the commitment of the lenders is equal to the lesser of the aggregate maximum credit amounts of the lenders and the borrowing base. The outstanding borrowings under the Credit Agreement bear interest at a rate elected by Viper that is based on the prime rate or LIBOR plus margins ranging from 0.50% for prime-based loans and 1.50% for LIBOR loans to 1.50% for prime-based loans and 2.50% for LIBOR loans, in each case depending on the amount of the loan outstanding in relation to the commitment. Viper is obligated to pay a quarterly commitment fee ranging from 0.375% to 0.50% per year on the unused portion of the commitment, which fee is also dependent on the amount of the loan outstanding in relation to the commitment. Loan principal may be optionally repaid from time to time without premium or penalty, and is required to be paid (a) if the loan amount exceeds the borrowing base, whether due to a borrowing base redetermination or otherwise and (b) at the maturity date of July 8, 2019. The loan is secured by substantially all of the assets of Viper and its subsidiaries.

Viper Energy Partners LP Announces Board Appointments

On June 18, 2014, Viper Energy Partners LP announced W. Wesley Perry, Michael L. Hollis and James L. Rubin were appointed to the board. Mr. Perry was also appointed to serve as a member of the audit committee.

Viper Energy Partners LP(NasdaqGS:VNOM) added to NASDAQ Composite Index

Viper Energy Partners LP will be added to the NASDAQ Composite Index.

 

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