US EditionDenver Oil and Gas Company Being Acquired in $4.1 Billion Deal
- Viper Energy, subsidiary of Diamondback Energy, announced on June 3, 2025, it will acquire Sitio Royalties in a $4.1 billion all-equity deal based in Midland, Texas.
- The acquisition follows Sitio's growth including its 2022 merger with Brigham Minerals, and occurs amid a cooling U.S. Oil M&A market driven by tighter capital and weaker prices.
- The merger unites two key Permian Basin mineral rights holders, combining roughly 85,700 net royalty acres, with Diamondback operating about 43% of the acreage, enhancing scale and cash flow potential.
- The deal includes Sitio's $1.1 billion net debt and offers Sitio stockholders 0.4855 shares of new holding company stock per share, implying a $19.41 per share value based on Viper's June 2 close.
- The boards approved the deal unanimously with regulatory approvals pending, expecting closure in Q3 2025, while Viper increased its dividend 10% to $1.32 annually reflecting confidence in the combined company's outlook.
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Sitio Royalties Shares Surge 16% on $4.1 Billion Acquisition Deal
Sitio Royalties (NYSE: STR) saw its shares climb 16% in midday trading Tuesday following the announcement that it will be acquired by Viper Energy in a $4.1 billion all-stock deal. The merger will create the largest publicly traded minerals and royalties company in the U.S. oil and gas sector. Viper Energy, the minerals-focused arm of Midland, Texas-based Diamondback Energy — ranked No. 383 on the 2025 Fortune 500 — will assume $1.1 billion of S…
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