Latham & Watkins Advises Viper Energy on Repurchase Agreement With Kimmeridge

"Latham & Watkins LLP advised Viper Energy Partners LLC (a subsidiary of Viper Energy, Inc.) in a unit purchase and sale agreement under which Viper Energy Partners repurchased 1,000,000 LLC units from an affiliate of Kimmeridge Energy Management Company, LLC for $40,650,000 ($40.65 per unit). The transaction was approved by the audit committee of Viper Energy, Inc.’s Board of Directors."

Latham & Watkins LLP represented Viper Energy Partners LLC, a subsidiary of Viper Energy, Inc., in a repurchase agreement with an affiliate of Kimmeridge Energy Management Company, LLC. Viper Energy Partners LLC entered into a unit purchase and sale agreement with an affiliate of Kimmeridge under which Viper Energy Partners is repurchasing 1,000,000 of its LLC units from Kimmeridge for an aggregate purchase price of US$40,650,000, or US$40.65 per unit. The per‑unit price is equivalent to the last Nasdaq closing price of Viper Energy, Inc. Class A common stock. The transaction was approved by the audit committee of Viper Energy, Inc.'s Board of Directors. Latham & Watkins LLP represented Viper Energy Partners LLC and Viper Energy, Inc. with a team composed by: New York partner Zachary Podolsky (corporate) and Houston partner Ryan Lynch (corporate), with associates Chase Browndorf and Emily Brown; Houston partners Tim Fenn and Bryant Lee (tax); and Washington, D.C. partner Julia Thompson (securities and governance).

Latham & Watkins Advises Viper Energy on Repurchase Agreement With Kimmeridge

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