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Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Supplementary Update on 2020 Hedge Position
DERIVATIVES UPDATE
As of
Crude Oil (Bbls/day, $/Bbl) | ||||||||||||||||||
Q2 2020 | Q3 2020 | Q4 2020 | FY 2021 | |||||||||||||||
Costless Collars - WTI ( |
14,000 | 14,000 | 14,000 | 10,000 | ||||||||||||||
Long Put Price ($/Bbl) | $ | 28.86 | $ | 28.86 | $ | 28.66 | $ | 30.00 | ||||||||||
Ceiling Price ($/Bbl) | $ | 32.33 | $ | 32.33 | $ | 32.33 | $ | 43.05 | ||||||||||
Swaps – WTI ( |
1,000 | 1,000 | 1,000 | — | ||||||||||||||
$ | 27.45 | $ | 27.45 | $ | 27.45 | $ | — | |||||||||||
Basis Swaps – WTI ( |
4,000 | 4,000 | 4,000 | — | ||||||||||||||
$ | (2.60 | ) | $ | (2.60 | ) | $ | (2.60 | ) | $ | — |
Natural Gas (Mmbtu/day, $/Mmbtu) | |||||||||||||||||||
Q2 2020 | Q3 2020 | Q4 2020 | |||||||||||||||||
Natural Gas Basis Swaps – |
25,000 | 25,000 | 25,000 | 25,000 | |||||||||||||||
$ | (2.07 | ) | $ | (2.07 | ) | $ | (2.07 | ) | $ | (2.07 | ) |
About
Viper is a limited partnership formed by
About
Diamondback is an independent oil and natural gas company headquartered in
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than historical facts, that address activities that Viper assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events and commodity prices. These forward-looking statements involve certain risks and uncertainties that could cause the results to differ materially from those expected by the management of Viper. Information concerning these risks and other factors can be found in Viper’s filings with the
Investor Contact:
+1 432.221.7467
alawlis@viperenergy.com
Source: Viper Energy Partners LP