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Oil Royalty and Mineral Companies Sitio and Brigham to Merge in $4 Billion Tie-Up

by Admin
September 6, 2022
in Business
Oil Royalty and Mineral Companies Sitio and Brigham to Merge in Billion Tie-Up



Updated Sept. 6, 2022 5:47 pm ET

Sitio Royalties Corp. and Brigham Minerals Inc. have reached a deal to merge to form one of the largest publicly traded mineral and royalty companies in the U.S., valued at about $4 billion, the companies said Tuesday.

The agreement is one of the largest tie-ups in the oil patch this year, coming in a period of elevated oil prices intensified by Russia’s invasion of Ukraine.



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