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

by | Sep 6, 2022 | Business

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., worth about $4 billion, the companies announced Tuesday. The agreement, reported earlier by The Wall Street Journal, 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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