Viper Energy (FRA:ZT0) Reserve Replacement Ratio % : 0.00% (As of . 20)

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What is Viper Energy Reserve Replacement Ratio %?

Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.

The historical rank and industry rank for Viper Energy's Reserve Replacement Ratio % or its related term are showing as below:

FRA:ZT0's Reserve Replacement Ratio % is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Reserve Replacement Ratio % only.

Viper Energy Reserve Replacement Ratio % Historical Data

The historical data trend for Viper Energy's Reserve Replacement Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Viper Energy Reserve Replacement Ratio % Chart

Viper Energy (FRA:ZT0) Reserve Replacement Ratio % Explanation

Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.

According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.

This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.

Viper Energy Reserve Replacement Ratio % Related Terms

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Viper Energy (FRA:ZT0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Viper Energy Inc (FRA:ZT0) » Definitions » Reserve Replacement Ratio %

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Traded in Other Exchanges

VNOM:USA

Address

500 West Texas, Suite 1200, Midland, TX, USA, 79701

Website

https://www.viperenergy.com

Viper Energy Inc was formed by Diamondback Energy in 2014 to own mineral royalty interests in oil and natural gas properties in the Permian Basin. At the end of 2020, Viper owns 24,350 net royalty acres that produced 26,551 boe/d. Proved reserves are mostly oil, and at the end of 2020 stand at 99,392 mboe.

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