Sitio Royalties and Brigham Minerals to Combine in $4.8 Billion All-Stock Merger
Vinson & Elkins advised Brigham Minerals, Inc. in its entry into a definitive agreement with Sitio Royalties Corp. to combine in an all-stock merger, with an aggregate enterprise value of approximately $4.8 billion.
The combination brings together two of the largest public companies in the oil and gas mineral and royalty sector with complementary high-quality assets in the Permian Basin and other oil-focused regions, creating an industry leader with a proven track record of consolidating oil and gas mineral and royalty interests operated by a diverse set of E&P companies.
The V&E corporate team was led by partners Doug McWilliams and Lande Spottswood and associate Jordan Fossee, with assistance from associates Layton Suchma, Jimmy Chalk, Houston Morgan, Delery Perret, Michelle Yang, Terrence Ogren and Emily Kercheville. Also advising were partners Jason McIntosh and David Peck, counsel Allyson Seger, senior associate Curt Wimberly and associate Sarah McIntosh; partner David D’Alessandro, counsel Dario Mendoza and associate Maddison Riddick; partner Thomas Zentner; partner Matt Dobbins and associate Kelly Rondinelli; and partner Bryan Loocke.
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