The $1.9 billion merger between two Permian Basin oil and companies resulted in a new company with a new name–Sitio.
The newly-merged firm owns more than 100,000 acres in the prime oil producing area of West Texas and southeast New Mexico. Created with the merger of Desert Peak Minerals and Falcon Minerals, the company also has nearly 35,000 acres in other holdings reported the Carlsbad Current-Argus.
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