Sitio Royalties CorpNYSE STR Stock Report

Sitio Royalties Corp. invests in oil and gas mineral and royalty properties. The company is headquartered in Denver, Colorado and currently employs 49 full-time employees. The company went IPO on 2018-09-06. The firm leases its mineral interests to oil and gas exploration and production (E&P) companies. The Company’s leases permit E&P companies to explore for and produce oil, natural gas and natural gas liquids from its properties and entitles the Company to receive a percentage of the proceeds from the sales of these commodities. Its assets are focused primarily on the Permian Basin in West Texas and Southeast New Mexico, with additional assets across areas of the United States, including the Denver-Julesburg (DJ) Basin in Colorado and Wyoming, Eagle Ford in South Texas, Appalachia Basin in Pennsylvania, West Virginia and Ohio, Anadarko Basin in Oklahoma and Williston Basin in North Dakota. The DJ Basin is located in Northeast Colorado and Southeast Wyoming. The firm owns mineral and royalty interests representing over 260,600 net royalty acres (NRAs).