you The everyone, Thank wrapped Viper Call. Conference for year thank you, Energy's Welcome, XXXX Viper. for Adam. fourth a listening milestone Quarter to and up quarter Fourth
full year, average while compared year, previous count same the average the increased production share over the reduced our to was XX% period. by oil X% For
share production quarter of result strong a continued an the per share accretive production represented increased program, organic of and acquisitions opportunistic the As eighth quarter repurchase fourth growth, consecutive for Viper.
$X.XX along our declared variable dividend $X.XX with a to dividend. return our we've shareholders the capital of to A quarter, For go fourth for Class based
quarter. payout we shares the repurchase assuming not have Importantly, we any dividend this paid with same variable ratio, a XX% the would is that during did
QX XX%. effective repurchased $XX.X that payout the shares ratio of we inclusive during the However, in quarter, our is for million
secondary the calculated dividend related of excluding to the GRP the quarter for as that view which acquisition financing our during was our done deal. of during we rationale extension the repurchases buyback, this an Our offering variable done is share and the
the reduction a flow our effective received up as is and does not quarter. price million show that in applied to already $XX financials the post we've in for cash purchase Additionally, reported
the Looking important several year in evolution completed Viper. were back a marked and the that of during growth as there steps whole, initiatives on strategic XXXX
out Our the we GRP in that clearly for look laid acquisition, closed M&A. framework large-scale fourth the quarter, in which
relevant must be measures. accretive it First, on all financial
We delivered there the its of a nature completed and clear that Viper bigger that to our business acquisition high-quality, that royalty quarter. be Second, must And increased both also conversion supports development. growth this highlight pro fully during a our undeveloped third, ownership. results and and shareholders significant mineral long-term provide fourth into business and governance has conversion rights better.
Separately, grow advantaged to the inventory believe must profile future visibility for provides in scale forma the Viper Delaware corporation is and our positions
Looking production for the ahead to and guidance initiated both year. full QX we've XXXX,
open plus end to Viper or capital the should structure -- substantial our While amount position continue significant strong cost throughout QX large a questions. base to range.
This primarily continued our a along expected above QX the for dividend. growth across year of of result our variable primarily high is acreage expected see Operator, best-in-class levels of of growth line XX activity to be shareholders, at to production XXXX the as to be year, enable the with timing we our through continue our and the weakest return with pads, guidance occur quarter to with to expect the of production please
