Sitio Royalties Corp. acquires, owns and manages mineral and royalty interests across premium basins in the United States. The Company 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 Company owns mineral and royalty interests representing over 260,600 net royalty acres (NRAs).