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Sitio Royalties Corp. (STR)

NYSE - Nasdaq Real Time Price. Currency in USD
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21.82-1.53 (-6.55%)
At close: 04:00PM EDT
22.06 +0.24 (+1.10%)
After hours: 06:08PM EDT
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    Mergers And Acquisitions Are Back With $10 Billion In New Deals

    The U.S. oil and gas industry has been a lot more conservative with mergers and acquisitions since the 2020 oil price crash, but big deals are now coming back

  • Bloomberg

    Sitio Agrees to Buy Oil Rights Company Brigham for $1.5 Billion

    (Bloomberg) -- Sitio Royalties Corp. agreed to acquire rival US oil and gas rights company Brigham Minerals Inc. in an all-stock merger valued at about $1.5 billion.Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageCalifornia Avoids Blackouts With Bigger Test Ahead as Heat LoomsEnergy Trading Stressed by Margin Calls of $1.5 TrillionStocks Set for Lowest Since Mid-July; Yields Surge: Markets WrapWorld’s Deadliest Roads in Focus After Billionaire’s Fatal CrashBri

  • Reuters

    UPDATE 2-Sitio Royalties eyes energy gains with $4.8-bln Brigham Minerals deal

    Sitio Royalties Corp said on Tuesday it would buy oil and gas rights company Brigham Minerals Inc in a $4.8-billion deal, as it looks to capitalise on the uptick in the energy markets following Russia's invasion of Ukraine. Minerals companies such as Brigham sign agreements with landowners for the right to drill and keep any hydrocarbons they find, often paying an upfront fee and subsequent royalty payments to the landowner. Reuters exclusively reported last month that Brigham Minerals was exploring options that included a sale or a merger.