Latham & Watkins Advises Viper Energy and Diamondback Energy in Secondary Common Stock Offering

NodeGuardian · 2026-04-08T12:29:20+00:00

Latham & Watkins LLP advised Viper Energy and Diamondback Energy in a secondary stock offering of 17,391,304 shares, raising approximately $798 million for selling stockholders. Viper will not receive proceeds but will buy 1,000,000 units from Oaktree.

NodeGuardian

2026-04-08 12:29:20

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Latham & Watkins LLP advised Viper Energy, Inc. and Diamondback Energy, Inc. in a secondary common stock offering where Viper Energy announced the pricing of an underwritten public offering of 17,391,304 shares of its Class A common stock. The offering was made by Diamondback Energy and affiliates of EnCap Investments and Oaktree Capital Management, generating approximately US$798 million in gross proceeds for the selling stockholders. Viper Energy will not receive any proceeds from the stock sale but will purchase 1,000,000 units in its operating company from Oaktree affiliates.

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