Viper Energy will acquire Sitio Royalties for $4.1 billion in an all-stock deal combining the two biggest minerals and royalties players in the oil and gas sector.
The June 3 industry shakeup further consolidates both the booming, but maturing Permian Basin in West Texas and the niche minerals and royalties space in which companies own the rights to fossil fuels beneath the surface, but do not drill or operate the wells.
