After Brigham Minerals Inc. debuted on the New York Stock Exchange in April with a $277.4 million IPO, the company made clear it remains in deal-hunting mode with an announced acquisition across five states.

Brigham Minerals spent $41.3 million in first-quarter 2019 to buy 2,700 net mineral interests, the majority in the Delaware Basin. The acreage is standardized to a 1/8th royalty interest.

James Freeman, an analyst at Raymond James, said Brigham Minerals is already demonstrating an appetite for deals and acquired key Delaware Basin acreage.

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