Sitio Royalties Corp and Brigham Minerals to Merge in $4.8 Billion All-Stock Deal

Falcon Minerals and Desert Peak Minerals to Combine in $1.9 Billion All-Stock Merger Creating Sitio Royalties

May 5, 2022

Energy

Falcon Minerals Corporation and Desert Peak Minerals have entered into a definitive all-stock merger valued at an enterprise value of approximately $1.9 billion. The combined company will be named Sitio Royalties Corp. after closing and will be managed by the Desert Peak team, with headquarters in Denver, Colorado.

Sitio Royalties Acquires Permian Basin NRAs from Foundation Minerals; Agrees to Buy NRAs from Momentum Minerals

June 27, 2022

Oil & Gas

Sitio Royalties Corp. completed the acquisition of over 19,700 net royalty acres in the Permian Basin from Foundation Minerals for approximately $323 million and signed a definitive agreement to acquire over 12,200 NRAs from Momentum Minerals for approximately $224 million (expected to close in Q3 2022). The transactions expand Sitio's Permian footprint, are accretive to cash flow per share, and were funded with debt facilities and hedges to protect near-term cash flows.

Sitio Royalties Schedules Earnings Amid Pending Merger with Viper Energy

July 11, 2025

Oil & Gas

Sitio Royalties Corp. said it will report its second-quarter 2025 results on Aug. 6, 2025 (later revised to Aug. 4, 2025). The company will not host a conference call because it has a pending merger with Viper Energy, Inc.

Devon Energy to Merge with Coterra Energy in $21.4B All-Stock Deal

January 31, 2026

Oil & Gas

Devon Energy and Coterra Energy have signed a definitive all-stock agreement to merge, creating a premier Delaware Basin–anchored shale operator. The deal will exchange 0.70 shares of Devon common stock for each share of Coterra, and is expected to close in the second quarter of 2026 subject to regulatory and shareholder approvals.

Transocean to Acquire Valaris in $5.8 Billion All-Stock Deal

February 9, 2026

Energy

Transocean and Valaris have signed a definitive agreement to combine in an all-stock transaction valued at approximately $5.8 billion, with Transocean acquiring Valaris. The deal is structured as a court-approved scheme of arrangement under Bermuda law and is expected to close in the second half of 2026, subject to regulatory and shareholder approvals.

Chesapeake Energy to Merge With Southwestern Energy in $7.4B Deal (Expand Energy)

September 26, 2024

Energy

Chesapeake Energy Corporation and Southwestern Energy Company have agreed to merge in an all-stock transaction valued at about $7.4 billion. The combined company will be rebranded as Expand Energy, headquartered in Oklahoma City, and is expected to close in the first week of October (following HSR expiration) per Source 1.