News & Achievements

Vinson & Elkins Advises Sitio Royalties in $4.1 Billion All-Equity Merger with Viper Energy

Deals & Cases

Vinson & Elkins advised Sitio Royalties Corp. (NYSE: STR) (“Sitio”) in connection with the entry by Sitio into a definitive agreement with Viper Energy (Nasdaq: VNOM) (“Viper”) pursuant to which a subsidiary of Viper will acquire all outstanding shares of Sitio in an all-equity transaction through a series of mergers involving their respective subsidiaries.

The transaction is valued at approximately $4.1 billion, inclusive of Sitio’s net debt, based on Viper’s closing stock price on June 2, 2025. The transaction is expected to close as early as the third quarter of 2025, subject to the satisfaction of customary closing conditions.

The Vinson & Elkins team was led by partners Doug McWilliams, Benji Barron, Scott Rubinsky and associate Chase Browndorf, with assistance from associates Mimi Nguyen, Jack Kimmel, Ronnie Braxton, Hannah Avery, and Evan Rodgers. Also advising were partners Ryan Carney and Lina Dimachkieh and associates Keleigh Carver and Tripp Haskins; counsel Alex Lewis, senior associate Nate Richards and associate Lauren Perillo; partner Dario Mendoza, senior associate Brian DeShannon and associates Cassandra Zarate and Reagan McGinnis; partners Hill Wellford and Kara Kuritz and senior associate Adam Thomas; partner Dave Wicklund; and Jeff Crough.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

For more information, please speak with our media contacts.

Discover our latest:

Insights

CLE Events

Sixth Annual Navigating the Annual Meeting and Reporting Season 

Join leading practitioners and industry voices for a timely discussion of the legal, regulatory, and governance developments shaping the next proxy season.

November 11, 2026

November 11, 2026 • 1-minute read

Navigating Series Background Decorative Image

Events

David Strong Speaking at PLI Tax Strategies Conference in New York, Chicago, and Los Angeles

Partner David Strong will present on “Section 1202 Qualified Small Business Stock (QSBS)” at PLI’s Tax Strategies for Corporate Acquisitions, …

Multiple Dates

Multiple Dates • 1-minute read

Events

Vinson & Elkins Sponsoring and Speaking at TEI Annual Conference

Vinson & Elkins is a platinum sponsor of the 2026 TEI Annual Conference, taking place October 18–21 in Nashville, Tennessee. …

October 18–21, 2026

October 18–21, 2026 • 1-minute read

Articles

A New Era of Data Center Infrastructure

The market has been attracting extraordinary investment; new research shows the momentum is durable. Partner Eamon Nolan examined the outlook …

October 16, 2026

October 16, 2026 • 1-minute read

Client Alerts

The Nuclear Regulation Bill: a New(clear) Era (Part 3 – Government Objective 2)

On 13 May 2026, it was announced that a Nuclear Regulation Bill would be introduced for discussion in the upcoming …

October 15, 2026

October 15, 2026 • 6-minute read

News & Achievements
V&E

Get in Touch

Thoughts or questions? Send us a note, and we’ll connect you with the right person.

The ESG GC: How Your Role as Chief Legal Officer is Integral To Your Company’s ESG Efforts Background Image