>On April 17, 2017, Viper Energy Partners GP LLC, the general partner (the “General Partner”) of Viper Energy Partners LP (the “Partnership”), a subsidiary of Diamondback Energy, Inc. (“Diamondback”), appointed Kaes Van’t Hof as President of the General Partner, effective as of that date.

Mr. Van’t Hof has also served as Senior Vice President-Strategy and Corporate Development of Diamondback since February 2017 after joining Diamondback in July 2016 as a Vice President responsible for strategy and corporate development. Prior to his positions with Diamondback and Viper, Mr. Van’t Hof served as Chief Executive Officer of Bison Drilling and Field Services LLC from September 2012 to June 2016. From August 2011 to August 2012, Mr. Van’t Hof was an analyst for Wexford Capital LP responsible for developing operating models and business plans, including for Diamondback’s initial public offering, and before that he worked for the Investment Banking-Financial Institutions Group of Citigroup Global Markets, Inc. from February 2010 to July 2011. Mr. Van’t Hof was a professional tennis player from May 2008 to January 2010. Mr. Van’t Hof received a Bachelor of Science degree in Accounting and Business Administration from the University of Southern California.

Similar to other executive officers of the General Partner who are employed by Diamondback or one of its subsidiaries, Mr. Van’t Hof will not receive separate amounts of compensation in relation to the services he provides to the Partnership in his role as President, except with respect to any awards that may be granted to him under the Long-Term Incentive Plan adopted by the General Partner (the “LTIP”). Mr. Van’t Hof is eligible to participate in the LTIP, provided, however, that any awards under the LTIP are within the discretion of the board of directors of the General Partner. As Senior Vice President-Strategy and Corporate Development of Diamondback, Mr. Van’t Hof receives compensation from Diamondback and is eligible to participate in Diamondback’s employee benefit plans and arrangements sponsored by Diamondback, including Diamondback’s equity incentive plan.

About VIPER ENERGY PARTNERS LP (NASDAQ:VNOM)

Viper Energy Partners LP is a limited partnership that owns, acquires and exploits oil and natural gas properties in North America. The Company’s business objective is to provide an attractive return to its unitholders by focusing on business results, maximizing distributions through organic growth and pursuing accretive growth opportunities through acquisitions of mineral, royalty, overriding royalty, net profits and similar interests from Diamondback Energy, Inc. and from third parties. Its segment is engaged in the acquisition of oil and natural gas properties. Its assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas, all of which are leased to working interest owners. The Permian Basin, which consists of approximately 85,000 square miles centered on Midland, Texas, has been the source of oil production. Its assets consisted of mineral interests underlying approximately 46,560 gross (17,060 net) acres in the Permian Basin.

VIPER ENERGY PARTNERS LP (NASDAQ:VNOM) Recent Trading Information

VIPER ENERGY PARTNERS LP (NASDAQ:VNOM) closed its last trading session up +0.06 at 17.60 with 32,419 shares trading hands.