Sitio Royalties Surpasses Q1 Production Targets, Expands Acreage Sitio Royalties reported first-quarter oil production of 18.9 MBbls/d and total output of 42.1 MBoe/d, exceeding guidance by 2% and 6%, respectively. The company completed $20.6 million in acquisitions, adding 1,350 net royalty acres, and repurchased $22.3 million in shares, signaling confidence amid market volatility.34