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Sitio Royalties Announces Highly Accretive Permian Basin Acquisitions

Deals & Cases
June 30, 2022
Sitio Royalties Announces Highly Accretive Permian Basin Acquisitions Background Image
Deals & Cases
June 30, 2022

Vinson & Elkins advised Momentum Minerals in a definitive purchase and sale agreement with Sitio Royalties Corp. (“Sitio”) in which Sitio will acquire over 12,200 NRAs in the Permian Basin for approximately $224 million.

The V&E team was led by Shay Kuperman and Dan Komarek, with assistance from Tan Lu and Brian Broussard. Other key team members include Alan Alexander, Matt Hortenstine, Alice Zhang, Charlie Fitzpatrick, Justin Purtle, Kene Obi, Todd Way, Jason McIntosh, Adam Bateman and Jeff Slusher.

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 13 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.

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Key Contacts

Partner
Dan Komarek