Sitio Royalties Corp.
About
Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 140,000 net royalty acres (“NRAs,” when normalized to a 1/8th royalty equivalent) through the consummation of over 180 acquisitions to date.
Editor's note: Updated June 7, 2022.
Transactions
Brigham Minerals, Sitio Royalties to Combine in $4.8 Billion Merger
Brigham Minerals, Sitio Royalties to Combine in $4.8 Billion Merger
Sitio Royalties Acquires Momentum Minerals Permian Assets for $224 Million
Sitio Royalties Acquires Momentum Minerals Permian Assets for $224 Million
Sitio Royalties Acquires Momentum Minerals Permian Assets for $224 Million
Sitio Royalties Acquires Momentum Minerals Permian Assets for $224 Million
Sitio Royalties Acquires Foundation Minerals Permian Assets for $323 Million
Sitio Royalties Acquires Foundation Minerals Permian Assets for $323 Million
Sitio Royalties Acquires Foundation Minerals Permian Assets for $323 Million
Sitio Royalties Acquires Foundation Minerals Permian Assets for $323 Million
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News
M&A Experts: Expect Brisk Return to Deal Flow in Second Half
Private equity firms are loaded for “pent-up” portfolio rationalization after rampant industry consolidation, particularly in the Permian—but the timing is anyone’s guess.
Viper Energy to Acquire Sitio Royalties in $4.1B Deal
Viper will expand in the Permian Basin and into new plays with a $4.1 billion stock acquisition of Sitio Royalties.
Undrilled but not Unnoticed: White Space Buyers Invest Now for Future Upside
Undeveloped, unpermitted acreage lures private equity risk-takers who want in on the mineral and royalty coffers.
The New Minerals Frontier Expands Beyond Oil, Gas
How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Acquisitive Public Minerals, Royalty Firms Shift to Organic Growth
Building diverse streams of revenue is a key part of growth strategy, executives tell Oil and Gas Investor.
Sitio Fights for its Place Atop the M&R Sector
The minerals and royalties space is primed for massive growth and consolidation with Sitio aiming for the front of the pack.
Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc
KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
Dorchester Minerals Closes M&A in Midland, Delaware, D-J
Limited partnership Dorchester Minerals closed two transactions in the Permian Basin and in Colorado’s Denver-Julesburg (D-J) Basin.
For Sale: Grandma’s Minerals
A younger generation more open to selling subsurface rights has increased supply for the minerals and royalties market, and Mesa Minerals III is buying up interests in the Permian and Haynesville.
Minerals Market Growing But Needs More Scale, Consolidation
The market value of public minerals and royalties companies has doubled since 2019—but the sector needs to grow even larger to attract generalist investors into the fray, experts say.
Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space
Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
RBC: Minerals, E&P Stocks Wooing Back Generalist Investors
Public mineral and royalty companies have performed well in the markets, and investors are taking notice. But experts say mineral and royalties stocks still have a long way to go to compete for generalist investor capital.
Sitio Royalties Dives Deeper in D-J with $150MM Acquisition
Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.
Sitio Royalties to Exit Appalachia, Anadarko Basins
Sitio Royalties reported that it was selling its “lower-margin” assets in the Appalachia and Anadarko basins and also closed additional Permian Basin acquisitions.
Sitio Royalties Upsizes Senior Notes Offering to $600 Million
Proceeds from the notes offering will be used to pay down existing debt, Sitio Royalties said.