Warwick Capital Partners and its affiliate GRP Energy Capital completed a $670 million acquisition of a portfolio of production and royalty assets from Viper Energy, a subsidiary of Diamondback Energy. The transaction, which became effective on September 1 2025, covers 73,500 net royalty acres and is projected to generate 4,500 to 5,000 barrels of oil equivalent per day in 2026.
The assets are located outside the Permian Basin, spanning the Delaware‑Juniata (DJ), Eagle Ford, and Williston basins. This correction removes the earlier claim that the deal expands Warwick’s Permian footprint; instead, it broadens the company’s exposure to mature, high‑production basins that complement its existing portfolio.
Viper Energy, which reported a Q3 2025 net loss of $77 million and an adjusted net income of $156 million, is divesting these non‑Permian holdings as part of Diamondback Energy’s broader strategy to raise $1.5 billion from asset sales. The proceeds will be used to reduce debt and fund shareholder returns, aligning with Diamondback’s focus on disciplined capital allocation and core Permian operations.
Warwick’s acquisition aligns with its long‑standing strategy of acquiring royalties and mineral interests across multiple basins. The company’s partnership with Viper dates back to a 2023 transaction that saw Viper purchase Warwick‑owned interests for $750 million. This latest deal adds significant acreage and production potential, reinforcing Warwick’s position as a leading royalty investor.
The transaction reflects a wider industry trend in which shale producers are shedding non‑core assets to streamline operations and strengthen balance sheets. While no immediate market reaction data is available, the deal signals Diamondback’s shift toward core Permian assets and Warwick’s continued expansion into high‑yield basins.
Overall, the $670 million purchase positions Warwick to capture production from the DJ, Eagle Ford, and Williston basins, while Diamondback strengthens its financial position and refocuses on its Permian core.
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