Announced
Completed
Financials
Tags
Domestic
Private
Majority
Single Bidder
mineral and royalty
United States
Acquisition
Friendly
General Mining
Completed
Synopsis
Desert Peak Minerals, an independent Permian Basin pure-play mineral and royalty company, completed the merger with Falcon Minerals, a C-corporation formed to manage and acquire high growth oil-weighted mineral rights in premier US basins, in a $1.9bn deal to create Sitio Royalties. “Sitio is guided by its commitments to best-in-class leadership and governance standards, capital discipline and a thoughtful approach to value-maximizing M&A. Sitio’s distinguished profile as a leading consolidator in the minerals and royalties space will only continue to strengthen over time with the execution of our proven strategy, focusing on large-scale accretive acquisitions across diversified operators,” Chris Conoscenti, Sitio CEO.
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