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Diamondback Unit to Buy Sitio Royalties in $4-Billion All-Stock Deal

OilPrice

Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional The buyer will acquire Sitios net debt of approximately $1.1

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Elk Range Royalties acquires assets in Permian Basin, Eagle Ford

Permian Basin Oil and Gas Magazine

Dallas-based Elk Range Royalties said recently it acquired Newton Financial Corp., Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. Elk Range buys mineral and royalty interests across multiple U.S. Concord Oil and Mission Oil.

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Kimbell to Bolster Permian Position with $231 Million Acquisition

Rigzone: News

Kimbell signed a deal to acquire Boren Minerals' oil and natural gas mineral and royalty interests in the Permian Basin for about $231 million.

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CanCambria Energy Corp, receives first drilling permit for Kiskunhalas Project in Hungary

Oil & Gas 360º

TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin. (Oil & Gas 360) – CanCambria Energy Corp.

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Viper strikes rare mineral merger with $4.1B Sitio buy

Enverus

Besides its scale, Viper is differentiated by the quality of its asset base with a concentration in the Permian Basin, by a significant margin the largest and most economic U.S. The company was previously focused on the Midland Basin and particularly on interests operated by Diamondback. shale play.

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Elk Range Royalties follows Permian acquisition with 250,000 net acres from Oxy

Permian Basin Oil and Gas Magazine

Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. Charlie Shufeldt, CEO, said March 21, The DJ Basin presents some of the best operator economics in the U.S., Elk has deployed more than $1.2

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Viper’s Royalty Model: Worth a Look

Permian Basin Oil and Gas Magazine

Viper’s reliance on Diamondback, which operates over 70 percent of its Midland Basin royalty acres, introduces concentration risk and could limit flexibility if Diamondback’s priorities shift. Post-deal, Viper will have exposure to 75 percent of Diamondback’s planned wells over five years, with a 6 percent net royalty interest.

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