Minerals firm Sitio Royalties Corp. closed the books on a successful merger with Brigham Minerals Inc., combining “two of the largest public companies in the mineral and royalty sector,” the companies said.

sitio brigham map

The $4.8 billion all-stock transaction has added 15,000 boe/d of oil-weighted pro forma production to Denver-based Sitio’s portfolio, which now stands at about 33,571 boe/d, also 51% oil-weighted, according to 3Q2022 results. 

At the initial announcement in September, Sitio CEO Chris Conoscenti said the combined company would be the largest publicly traded mineral and royalty firm in the United States.

The Permian Basin-focused company added another 86,075 net royalty acres (NRA) through the merger, bringing its total NRAs to 259,875, including 183,085 in the...