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

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Diamondback Unit to Buy Sitio Royalties in $4-Billion All-Stock Deal
source : OILPRICE ( Middle East ) () 52
Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

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