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.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access
Need more than one account? See Group Subscription options