VNOM
- Viper Energy Partners LP
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Overview
Company Summary
Viper Energy Partners LP (VNOM) is an oil and gas company that operates in the United States. As a mineral interest owner, VNOM acquires and manages properties that have proven reserves of oil and natural gas.
The company's primary focus is on the Permian Basin, which is located in West Texas and Southeastern New Mexico. The Permian Basin is one of the most significant oil-producing regions in the world and has abundant hydrocarbon resources.
VNOM generates revenue by leasing its mineral interests to oil and gas exploration and production companies. These companies then extract the oil and gas reserves through drilling wells and pay royalties to VNOM based on the production volumes.
By owning mineral interests rather than operating drilling operations directly, VNOM benefits from a streamlined business model. The company is not responsible for the operational costs or risks associated with drilling activities. Instead, VNOM enjoys a steady stream of income from the royalties it receives, making it a favorable investment for those seeking exposure to the energy sector.
Overall, Viper Energy Partners LP plays a vital role in the oil and gas industry by acquiring and managing valuable mineral interests in high-producing regions like the Permian Basin, allowing it to generate revenue through royalties from production companies.