Sitio Royalties ("Sitio") acquires, owns and manages high-quality oil and gas mineral and royalty interests operated by a diversified set of exploration and production companies. Sitio owns over 265,000 NRAs, over 195,000 of which are located in the Permian Basin, the largest unconventional resource play in the United States. Sitio's strategy is to continue executing on large-scale acquisitions through a disciplined and opportunistic approach that creates long-term value for its shareholders.