Brief: Sitio Royalties Announces Highly Accretive Permian Basin Acquisitions

Sitio Royalties

27/06/2022 11:51

June 27 (Reuters) - Sitio Royalties Corp  STR.N :
    * SITIO ROYALTIES ANNOUNCES HIGHLY ACCRETIVE PERMIAN BASIN
ACQUISITIONS
    * SITIO ROYALTIES CORP - ISSUES FINANCIAL AND OPERATIONAL
GUIDANCE
FOR SECOND HALF OF 2022
    * SITIO ROYALTIES CORP - ENTERED INTO A DEFINITIVE PURCHASE
AND
SALE AGREEMENT TO ACQUIRE OVER 12,200 NRAS IN PERMIAN BASIN FROM
MOMENTUM MINERALS
    * SITIO ROYALTIES CORP - PROPOSED DEAL FOR APPROXIMATELY
$224
MILLION
    * SITIO ROYALTIES CORP - FOUNDATION ACQUISITION FUNDED
UTILIZING
BORROWINGS UNDER CREDIT FACILITY, PROCEEDS FROM 364-DAY
UNSECURED BRIDGE LOAN FACILITY
    * SITIO ROYALTIES CORP - MOMENTUM ACQUISITION IS EXPECTED TO
BE
FUNDED UTILIZING DEBT FINANCING AND CLOSE IN Q3 OF 2022
    * SITIO ROYALTIES -BEFORE INCORPORATING DEALS INTO 2H 2022
GUIDANCE, SEES 2H PRODUCTION VOLUMES UP ABOUT 7% AT MIDPOINT
VERSUS PREVIOUS GUIDANCE FOR 1H 2022

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