Viper Energy increases oil production guidance for 2026 to 67,500 b/d

Midland’s Viper Energy increased 2026 production guidance to a midpoint of 67,500 barrels of oil per day.  In its operations announcement Nov. 2, Viper said third quarter production was 69,076 b/d of oil with total production of 141,152 boed.  Viper said 689 gross horizontal wells were turned to production in 3Q.

In September Viper acquired McElroy Ranch, comprised of 7,359 net royalty acres in Crane and Upton counties (96 percent developed), and agreed to purchase Buckhorn Minerals for $280 million cash and 1.8 million shares of Viper’s Class A common stock.  Buckhorn has 1,552 net royalty acres primarily in Midland Basin (61 percent undeveloped).

Guidance for fullyear total production is 137,000 boed to 138,000 boed for Viper Energy, subsidiary of Diamondback Energy.