Desert Peak Minerals completed the merger with Falcon Minerals in a $1.9bn deal.

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.