This article was originally published by TheStreet on August 18, 2014.
NEW YORK (TheStreet) -- You've heard of ranchers or land owners who receive royalty income by leasing their properties to oil and gas companies? So does Viper Energy (VNOM_) .
Viper Energy owns mineral interest in shale oil and gas properties, mainly in the prolific Permian Basin in West Texas. The company, which is structured as a master limited partnership, or MLP, generates its revenue by leasing these properties to energy producers, who bear all the operation and development costs and make royalty payments to Viper Energy on shale oil and gas production.
