Brigham Resources will draw on revolver for Midland Basin acquisition

Chicago, Aug. 22 – Brigham Minerals, Inc. will draw on its revolver for a $132.5 million acquisition of certain mineral and royalty interests in the Midland Basin from royalty funds managed by Avant Natural Resources, LLC, according to a press release.

More specifically, the acquisition price will be funded with cash on hand and the company’s revolver.

Brigham is an Austin, Tex.-based company focused on acquiring oil and gas mineral rights across the United States.

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