10 High Growth Energy Stocks To Invest In

8. Viper Energy Inc. (NASDAQ:VNOM)

5-Year Revenue CAGR: 24.46%

Number of Hedge Fund Holders: 28

Viper Energy Inc. (NASDAQ:VNOM) is a corporation established by Diamondback Energy to acquire and manage oil and natural gas properties in North America, primarily focusing on mineral and royalty interests in the Permian Basin. Essentially all of these interests are leased to working interest owners who bear the costs of operation and development. Viper Energy Inc. (NASDAQ:VNOM) is one of the leading high-growth stocks in the energy sector.

On October 1, 2024, the company completed the acquisition of certain mineral and royalty interest subsidiaries from Tumbleweed Royalty IV, LLC, as part of a previously announced agreement. This follows two other acquisitions from Tumbleweed-Q Royalty Partners and MC Tumbleweed Royalty, which were completed in September 2024. These acquisitions significantly enhance Viper Energy Inc.’s (NASDAQ:VNOM) asset base and align with its strategy of consolidating high-quality mineral interests.

In the third quarter of 2024, Viper Energy Inc. (NASDAQ:VNOM) reported that 330 gross horizontal wells were turned to production on its acreage, with an average royalty interest of 2.1%. Among these, Diamondback operated 81 wells with a higher average royalty interest of 5.1%. The remaining 249 gross wells are operated by third parties. As of September 30, 2024, the company’s footprint of mineral and royalty interests was 32,567 net royalty acres.

Viper Energy Inc.’s (NASDAQ:VNOM) business model allows it to benefit without incurring capital or operational costs typically associated with traditional exploration companies. With a strong acquisition strategy, increasing acreage in prime oil-producing regions, and a business model that minimizes costs while maximizing returns, Viper Energy Inc. (NASDAQ:VNOM) presents a compelling investment opportunity in the energy sector.