Brigham Minerals, Inc. Reports Record First Quarter 2022 Operational and Financial Results
During the first quarter of 2022, the Company executed eight transactions acquiring approximately...
During the first quarter of 2022, the Company executed eight transactions acquiring approximately 2,100 net royalty acres (standardized to a 1/8th royalty interest) and deployed $43.7 million in capital. The Company deployed over 99% of its mineral acquisition capital in the first quarter to the Permian Basin.
HIGHLIGHTS:
Record daily production volumes of 12,031 Boe/d (71% liquids, 51% oil) -Production up 31% sequentially from Q4 2021 including a 21% increase in Permian volumes
Record royalty revenues of $70.0 million -Up 49% sequentially from Q4 2021 driven by 31% higher volumes and 16% higher realized prices
Record Net income totaling $39.1 million - Record Adjusted EBITDA(1) totaling $60.7 million up 53% sequentially from Q4 2021
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The sharp rise in the cost of fuel at the pump in recent months has prompted a backlash from the Biden...
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The tight supplies are likely to deliver months of high prices to consumers and profits to refiners, say industry executives and analysts.
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The Department of Energy will provide $2.25 billion in funding over the next five years to support the...
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Cheniere Energy posts $3.1B derivatives loss in Q1
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