Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Appointment to the Board of Directors
March 29 2017 - 4:01PM
Travis Stice, Chief Executive Officer of Viper Energy Partners LP
(NASDAQ:VNOM) ("Viper" or the “Company”), a subsidiary of
Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), is pleased
to announce the appointment of Spencer D. Armour, III to the Board
of Directors (the “Board”) of its General Partner and its Audit
Committee, effective March 22, 2017.
Mr. Armour has over 30 years of executive and
entrepreneurial experience in the energy services industry. Mr.
Armour currently serves as President of PT Petroleum LLC in
Midland, Texas. He was the Vice President of Corporate Development
for Basic Energy Services, Inc. from 2007 to 2008, which acquired
Sledge Drilling Corp., a company Mr. Armour co-founded and served
as Chief Executive Officer for from 2005 to 2006. From 1998 through
2005, he served as Executive Vice President of Patterson-UTI
Energy, Inc., which acquired Lone Star Mud, Inc., a company Mr.
Armour founded and served as President for from 1986 to 1997. Mr.
Armour has served as a director of ProPetro Holding Corp. since
February 2013. He also served on the Patterson – UTI Board of
Directors from 1999 through 2001. Mr. Armour received a B.S. in
Economics from the University of Houston in 1977 and was appointed
to the University of Houston System Board of Regents in 2011 by
former Texas Governor Rick Perry.
Mr. Stice continued, “We are thrilled to have
Spencer join Viper’s Board of Directors. With over three decades of
energy services experience and a deep knowledge of industry
dynamics within the Permian Basin, Spencer adds further depth and
expertise to Viper’s leadership and is well suited to serve as a
Director of the General Partner.”
About Viper Energy Partners LP
Viper is a limited partnership formed by Diamondback to own,
acquire and exploit oil and natural gas properties in North
America, with a focus on oil-weighted basins, primarily the Permian
Basin in West Texas.
About Diamondback Energy, Inc.
Diamondback is an independent oil and natural
gas Company headquartered in Midland, Texas focused on the
acquisition, development, exploration and exploitation of
unconventional, onshore oil and natural gas reserves in the Permian
Basin in West Texas. Diamondback's activities are primarily focused
on the horizontal exploitation of multiple intervals within the
Wolfcamp, Spraberry, Clearfork, Bone Spring and Cline
formations.
Investor Contact:
Adam Lawlis
+1 432.221.7467
alawlis@viperenergy.com
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