Acquisitions and Divestitures

During the six months ended June 30, 2019 and 2018, Brigham Minerals entered into a number of individually insignificant acquisitions of mineral and royalty interests from various sellers in Texas, Oklahoma, Colorado, New Mexico, and North Dakota, as reflected in the tables below. The change in the oil and natural gas property balance is comprised of individually insignificant payments for acquisitions of minerals, land brokerage costs and capitalized general and administrative expenses that were funded with borrowings under its Owl Rock credit facility and proceeds from the Offering.



	Assets Acquired				Cash Consideration
(In thousands)	Evaluated		Unevaluated		Paid
Quarter Ended March 31, 2019	$	27,929	$	13,403	$	41,332
Quarter Ended June 30, 2019	25,050		14,925		39,975
Total Acquired	$	52,979	$	28,328	$	81,307



	Assets Acquired				Cash Consideration
(In thousands)	Evaluated		Unevaluated		Paid
Quarter Ended March 31, 2018	$	14,132	$	11,462	$	25,594
Quarter Ended June 30, 2018	21,903		16,558		38,461
Total Acquired	$	36,035	$	28,020	$	64,055

In June 2018, Brigham Minerals closed on the acquisition of certain mineral interests from an unrelated third-party in the Delaware Basin in Loving County, Texas and Lea County, New Mexico for $41 million, subject to customary post-closing adjustments. Brigham Minerals funded the acquisition with capital contributions and borrowings under its prior revolving credit facility. The allocation of the purchase price was $22.8 million to evaluated properties and $18.2 million to unevaluated properties.

In June 2018, Brigham Minerals entered into a definitive agreement with an unrelated third party to acquire certain mineral interests in Reeves, Loving and Ward counties in the Delaware Basin for $25.8 million and closed on $22.0 million and $3.8 million of such mineral interests in the third and fourth quarter of 2018, respectively. The allocation of the purchase price was $18.4 million to evaluated properties and $7.4 million to unevaluated properties.