Brigham Resources, LLC was an Austin, Texas-based oil and gas exploration and production company. Brigham had 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”.
In December 2016, Brigham Resources sold its leasehold interests and related assets to Diamondback Energy (NASDAQ: FANG) for total proceeds of $2.55 billion.