Wednesday, November 27, 2024

Viper Energy Ends MLP Structure

Transition should be simple, with no effect on cash flow Viper Energy Partners (ticker: VNOM) announced today it is changing structure, from a pass-through partnership to a taxable corporation. A subsidiary of Diamondback Energy (ticker: FANG), Viper expects this change will be a simple process, via a “check the box” election that will not be taxable to the company or

PetroShale Rig -oilandgas360

Alta Mesa Resources Expects $725-$800 Million 2018 CapEx

Alta Mesa Resources, Inc. (ticker: AMR) and its wholly owned subsidiaries, Alta Mesa Holdings, LP (AMHLP) and Kingfisher Midstream, LLC, have released financial results, CapEx guidance and other updates. 2018 CapEx Alta Mesa’s total capital expenditures for 2018 are expected to range from $725 million to $800 million. Capital will be allocated primarily to Alta Mesa’s upstream STACK area, $550 million