VNOM - Viper Energy: Increased Potential For Lease Bonus Payments
2024-01-29 22:22:54 ET
Summary
- Viper received $97.4 million in Q3 2023 lease bonus payments.
- This was related to deeper zone rights for Viper's Spanish Trail acreage, representing around 10% of its total net royalty acreage.
- Future lease bonus payments are likely to involve smaller deals, but there is still plenty of potential for additional leases related to deeper zone development.
- I have thus increased my modeled lease bonus income for Viper by $25 million per year.
Viper Energy ( VNOM ) converted to a Delaware corporation from a Delaware partnership and also changed its name from Viper Energy Partners as part of that move. This is expected to result in Viper's inclusion in more indices, resulting in more of its public float being held by index funds....
Viper Energy: Increased Potential For Lease Bonus Payments