Viper Energy has agreed to acquire Sitio Royalties in a deal valued at USD 4.1 billion, the company said on Wednesday.
The acquisition will position Viper as a leading publicly traded mineral and royalty company in North America, significantly enhancing its scale, asset base and access to capital.
The deal marks a rare consolidation move among two of the biggest publicly traded owners of mineral rights and royalties in the U.S. shale patch. It’s also the second major transaction for Viper this year, after its $4.5 billion acquisition of certain minerals and royalties from Diamondback announced in January.