Sitio Royalties Corp. (NYSE: STR) and Brigham Minerals, Inc. (“Brigham”) today announced the effective completion of their merger, forming Sitio Royalties Corp. The merger brings together two of the largest public companies in the mineral and royalty sector, as well as complementary high-quality assets in the Permian Basin and other oil-focused regions, to form an industry leader with a track record of consolidating oil and gas mineral and royalty interests held by a diverse set of E&P companies.

Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 260,000 NRAs through the consummation of over 185 acquisitions to date.