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Brigham Resources, LLC

Company Summary

Description

Brigham Resources, LLC is an Austin, Texas-based oil and gas exploration and production company. Brigham has two strategies: (i) acquire and develop acreage positions in unconventional domestic oil and liquids resource plays and (ii) acquire the perpetual right to non-operated oil and gas minerals in resource plays from the early land capture stage to “just ahead of the drill-bit”.

Website

http://www.pinebrookpartners.com/our-companies/

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Recent news

Company Transactions

Date: 10/15/2022
Type: Acquisition

DETAILS:

COST: 132.5 $MM

VOLUMES: 0.85 MBOE/d

ACRES: 3900 Acres

NOTES:
Brigham Minerals entered into a purchase and sale agreement for $132.5 million worth of mineral and royalty interests in the Midland Basin. The assets being bought include 3,900 net royalty acres with 0.75-0.95 Mboe/d in 2023 estimated production (60% oil.) On the royalty acres, there was 253 gross wells spud over the last 12 months from operators like Endeavor Energy, Pioneer Natural, and ExxonMobil.
REGIONS:
  • Midland Basin
  • Date: 2/26/2017
    Type: Acquisition

    DETAILS:

    COST: 2.43 $B

    VOLUMES: 9.482 MBOE/d

    ACRES: 76319 Acres

    NOTES:
    Diamondback Energy will finance the deal with $1.62 billion in cash and 7.69 million shares of Diamondback common stock. The acreage is located in Pecos and Reeves counties in Texas.
    REGIONS:
  • Delaware Basin