Other Basins - DJ, Eagle Ford and Williston — oil & natural gas project

Non-Permian royalty position of 9,404 net royalty acres across 584,161 gross royalty acres in the Denver-Julesburg, Eagle Ford and Williston basins, acquired through the Sitio Acquisition with an effective date of August 19, 2025; production data for these basins is included only from that date, which is why the 2025 step-up is so large against 2024 and 2023. Each basin fell below the 15%-of-proved-reserves threshold, so the 10-K groups them as Other and publishes no per-basin reserves. On February 9, 2026, subsequent to the reporting date, Viper completed the Non-Permian Divestiture of this acreage for approximately $617 million of net cash proceeds, with production of approximately 4,750 BO/d at the time of sale; proceeds repaid the Term Loan and reduced revolver borrowings. The position is emitted here because it was held at December 31, 2025.