Sitio Royalties Schedules Earnings Amid Pending Merger with Viper Energy

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

September 6, 2022

Energy

Sitio Royalties Corp. and Brigham Minerals, Inc. entered into a definitive all-stock merger agreement valued at approximately $4.8 billion. The combined company is expected to be a premier consolidator of oil and gas mineral and royalty interests, with headquarters in Denver, Colorado and anticipated cost synergies.

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.

Vitesse Energy Acquires Lucero Energy in Accretive All-Stock Transaction

December 16, 2024

Oil & Gas

Vitesse Energy, Inc. will acquire Lucero Energy Corp. in an all-stock transaction valued at approximately US$222 million (fully diluted equity value). The deal is expected to close in the second quarter of 2025, and would add Lucero’s operated oil and gas production assets in the Bakken to Vitesse’s portfolio.

Crescent Energy Company Pending Acquisition of SilverBow Resources

July 2, 2024

Energy

Crescent Energy Company and SilverBow Resources, Inc. announced the expiration of the Hart-Scott-Rodino (HSR) waiting period in connection with Crescent’s pending acquisition of SilverBow. The companies noted that the expiration satisfies an HSR condition and that closing is expected shortly after stockholder approvals, which are scheduled for July 29, 2024.

Talos Energy Acquires EnVen Energy Corporation

February 13, 2023

Energy

Talos Energy Inc. completed its previously announced acquisition of EnVen Energy Corporation, adding oil-weighted deepwater Gulf of Mexico assets, operated infrastructure and overlapping acreage to Talos’s portfolio. The deal increases Talos’s scale and free cash flow generation potential and includes board changes tied to EnVen leadership; Talos expects to provide combined-company guidance with its next earnings release.