Sitio Royalties completed the merger with Brigham Minerals in a $4.8bn deal.

Sitio Royalties, a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests, completed the merger with Brigham Minerals, a publicly traded mineral acquisition company, in a $4.8bn deal. "Our merger with Brigham Minerals brings together two complementary businesses that are aligned in every key way, and further advances the business plan that Sitio outlined earlier in the year following the merger of Sitio’s predecessor companies. Both companies are focused on asset quality, maintain disciplined acquisition underwriting standards, understand the benefits of scale, and prioritize shareholder alignment in our approaches to capital allocation and best-in-class governance. We have been particularly impressed with the asset portfolio that the Brigham team has built and their track record of delivering consistent results every quarter since they became public," Chris Conoscenti, Sitio CEO.