One-Page Deal Sheet
Sitio Royalties Acquires Permian Royalties from PE-Backed Firm for $323MM
Sitio Royalties Corp. Foundation Minerals
Announced Date
June 27,2022
Close Date
June 27,2022
Transaction Type
Royalty
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
New Mexico
County
Eddy ,Lea
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Transaction Details: Require Private Equity Subscription
Sitio Royalties Corp. has acquired over 19,700 net royalty acres (NRAs) in the Permian Basin from Foundation Minerals, a Midland-based portfolio company of Quantum Energy Partners, for approximately $323 million.
The Foundation Acquisition was funded utilizing borrowings under the Company's credit facility and proceeds from a 364-day unsecured bridge loan facility.
This deal was announced alongside another Permian royalties acquisition, available here.
Deal Details: Royalty Acreage: 19,700 Production (total of both acquisitions): 3,500 BOEPD (51% oil) Other Acquisition Highlights: Incr…Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
- |
Click here | Texas | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-30-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-27-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-04-2024 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-02-2026 | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank | - |
- |
| Nov-03-2025 | SM Energy, Civitas Strike $12.8B All-Stock Merger | - |
- |
| Sep-02-2025 | Crescent Energy Acquires Vital | - |
- |