Brigham Minerals Explores Sale or Merger, Sources Say

Brigham Minerals’ shares have risen more than 20% this year as it benefited from elevated energy prices, prompting founder and CEO Bud Brigham to consider a sale, the sources said.

David French and Shariq Khan, Reuters

Brigham Minerals Inc., a company that owns the rights to extract oil and natural gas from land across numerous U.S. shale basins, is exploring options that include a sale or a merger, people familiar with the matter said on Aug. 3.

Brigham’s shares have risen more than 20% this year as it benefited from elevated energy prices, prompting founder and CEO Bud Brigham to consider a sale, the sources said.

The Austin, Texas-headquartered company, which has a market cap of $1.6 billion, is working with an investment bank as it evaluates its strategic alternatives, the sources added, cautioning that no deal is certain.

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