Viper Energy Partners LP engages in the acquisition of oil and natural gas properties. The company is headquartered in Midland, Texas and currently employs 0 full-time employees. The company went IPO on 2014-06-18. The firm 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% were classified as proved developed producing reserves. The firm'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.