MNRL Sub (MNRL) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-38870
Entity Registrant Name	Brigham Minerals, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-1106283
Entity Address, Address Line One	5914 W. Courtyard Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78730
City Area Code	512
Local Phone Number	220-6350
Title of 12(b) Security	Class A common stock, par value $0.01
Trading Symbol	MNRL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001745797
Current Fiscal Year End Date	--12-31
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		53,721,077
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,725,065

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 24,103	$ 20,819
Restricted cash	0	200
Accounts receivable	72,947	30,539
Prepaid expenses and other	4,967	3,145
Total current assets	102,017	54,703
Oil and gas properties, at cost, using the full cost method of accounting:
Unevaluated property	307,451	338,613
Evaluated property	744,018	633,138
Less accumulated depreciation, depletion, and amortization	(339,513)	(239,612)
Total oil and gas properties, net	711,956	732,139
Other property and equipment	3,357	2,060
Less accumulated depreciation	(1,512)	(1,280)
Other property and equipment, net	1,845	780
Operating lease right-of-use asset	6,178	6,764
Deferred tax asset	37,918	25,308
Other assets, net	1,356	1,183
Total assets	861,270	820,877
Current liabilities:
Accounts payable and accrued liabilities	18,990	20,473
Current operating lease liability	1,200	1,178
Total current liabilities	20,190	21,651
Long-term bank debt	73,000	93,000
Non-current operating lease liability	5,138	5,742
Other non-current liabilities	1,711	810
Equity:
Preferred stock, $0.01 par value; 50,000,000 authorized; no shares issued and outstanding at June 30, 2022 and December 31, 2021	0	0
Additional paid-in capital	746,022	634,564
Accumulated deficit	(86,783)	(105,096)
Treasury stock, at cost; 558,699 shares at June 30, 2022 and 436,630 shares at December 31, 2021	(6,338)	(3,527)
Total equity attributable to Brigham Minerals, Inc.	653,442	526,429
Non-controlling interests	107,789	173,245
Total equity	761,231	699,674
Total liabilities and equity	$ 861,270	$ 820,877
Treasury stock (in shares)	558,699	436,630
Common Class A
Equity:
Common stock	$ 541	$ 488
Treasury stock (in shares)	600,000
Common Class B
Equity:
Common stock	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Treasury stock (in shares)	558,699	436,630
Common Class A
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	54,138,411	48,796,518
Common stock, shares outstanding (in shares)	53,579,712	48,359,888
Treasury stock (in shares)	600,000
Common Class B
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	6,866,430	11,371,517
Common stock, shares outstanding (in shares)	6,866,430	11,371,517

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
REVENUES
Total revenues	$ 90,879	$ 37,811	$ 162,307	$ 71,584
OPERATING EXPENSES
Gathering, transportation and marketing	2,246	1,593	4,249	3,326
Severance and ad valorem taxes	5,361	2,300	9,692	4,133
Depreciation, depletion, and amortization	13,449	9,080	25,762	18,447
General and administrative	5,546	5,697	11,455	11,139
Total operating expenses	26,602	18,670	51,158	37,045
INCOME FROM OPERATIONS	64,277	19,141	111,149	34,539
Interest expense, net	(1,154)	(387)	(2,068)	(654)
Other income, net	14	2	34	15
Income before income taxes	63,137	18,756	109,115	33,900
Income tax expense	12,957	3,430	19,870	6,503
NET INCOME	50,180	15,326	89,245	27,397
Less: Net income attributable to non-controlling interest	(7,931)	(4,138)	(16,014)	(7,613)
Net income attributable to Brigham Minerals, Inc. stockholders	$ 42,249	$ 11,188	$ 73,231	$ 19,784
NET INCOME PER COMMON SHARE
Basic (in dollars per share)	$ 0.80	$ 0.25	$ 1.45	$ 0.45
Diluted (in dollars per share)	$ 0.78	$ 0.25	$ 1.40	$ 0.44
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)	52,547	43,916	50,505	43,717
Diluted (in shares)	54,398	45,281	52,205	45,091
Mineral and royalty revenues
REVENUES
Total revenues	$ 90,403	$ 37,005	$ 160,398	$ 69,181
Lease bonus and other revenues
REVENUES
Total revenues	$ 476	$ 806	$ 1,909	$ 2,403

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Accumulated Deficit	Treasury Stock	Treasury Stock, Common	Noncontrolling Interest	Common Class A	Common Class A Common Stock	Common Class B	Common Class B Common Stock
Beginning balance (in shares) at Dec. 31, 2020								43,558,000		13,168,000
Beginning balance at Dec. 31, 2020	$ 505,650	$ 601,129	$ (92,392)	$ (3,527)		$ 0		$ 440		$ 0
Beginning balance (in shares) at Dec. 31, 2020					437,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustment of temporary equity to carrying value	(54,294)	(54,294)
Reclassification from temporary equity to non-controlling interest	202,496					202,496
Conversion of shares of Class B Common Stock to Class A Common Stock (in shares)								112,000		(112,000)
Conversion of shares of Class B Common Stock to Class A Common Stock	0	1,720				(1,721)		$ 1
Deferred tax asset arising from (reduction in) conversion of shares of Class B Common Stock to Class A Common Stock	(480)	(480)
Share-based compensation	3,933	3,933
Restricted stock forfeited (in shares)								(4,000)
Dividends and distributions declared	(15,235)		(11,788)			(3,447)
Net income	10,149		8,596			1,553
Ending balance (in shares) at Mar. 31, 2021								43,666,000		13,056,000
Ending balance at Mar. 31, 2021	652,219	552,008	(95,584)	(3,527)		198,881		$ 441		$ 0
Ending balance (in shares) at Mar. 31, 2021					437,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of shares of Class B Common Stock to Class A Common Stock (in shares)								1,403,000		(1,403,000)
Conversion of shares of Class B Common Stock to Class A Common Stock	0	21,243				(21,257)		$ 14
Deferred tax asset arising from (reduction in) conversion of shares of Class B Common Stock to Class A Common Stock	2,666	2,666
Share-based compensation	4,410	4,410
Restricted stock forfeited (in shares)								(1,000)
Shares surrendered for tax witholdings on vested RSAs (in shares)								(9,000)
Shares surrendered for tax withholdings on vested RSAs	(145)	(145)
Dividends and distributions declared	(19,356)		(14,907)			(4,449)
Issuance of common stock upon vesting of RSUs, net of shares withheld for income taxes (in shares)								75,000
Issuance of common stock upon vesting of RSUs, net of shares withheld for income taxes	0	(1)						$ 1
Net income	15,326		11,188			4,138
Ending balance (in shares) at Jun. 30, 2021								45,134,000		11,653,000
Ending balance at Jun. 30, 2021	655,120	580,181	(99,303)	(3,527)		177,313		$ 456		$ 0
Ending balance (in shares) at Jun. 30, 2021					437,000
Beginning balance (in shares) at Dec. 31, 2021							48,359,888	48,360,000	11,371,517	11,372,000
Beginning balance at Dec. 31, 2021	699,674	634,564	(105,096)	(3,527)		173,245		$ 488		$ 0
Beginning balance (in shares) at Dec. 31, 2021					437,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)								800,000
Issuance of common stock	20,386	20,378						$ 8
Conversion of shares of Class B Common Stock to Class A Common Stock (in shares)								2,190,000		(2,190,000)
Conversion of shares of Class B Common Stock to Class A Common Stock	0	34,417				(34,439)		$ 22
Deferred tax asset arising from (reduction in) conversion of shares of Class B Common Stock to Class A Common Stock	6,203	6,203
Share-based compensation	2,703	2,703
Restricted stock forfeited (in shares)								(2,000)
Dividends and distributions declared	(28,023)		(22,280)			(5,743)
Issuance of common stock upon vesting of RSUs, net of shares withheld for income taxes (in shares)								1,000
Net income	39,065		30,982			8,083
Ending balance (in shares) at Mar. 31, 2022								51,349,000		9,182,000
Ending balance at Mar. 31, 2022	740,008	698,265	(96,394)	$ (3,527)		141,146		$ 518		$ 0
Ending balance (in shares) at Mar. 31, 2022					437,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of shares of Class B Common Stock to Class A Common Stock (in shares)								2,316,000		(2,316,000)
Conversion of shares of Class B Common Stock to Class A Common Stock	0	35,759				(35,782)		$ 23
Acquisition post-closing adjustment (in shares)				122,000				(122,000)
Acquisition post-closing adjustment	(2,811)			$ (2,811)
Deferred tax asset arising from (reduction in) conversion of shares of Class B Common Stock to Class A Common Stock	8,679	8,679
Share-based compensation	3,517	3,517
Shares surrendered for tax witholdings on vested RSAs (in shares)								(8,000)
Shares surrendered for tax withholdings on vested RSAs	(197)	(197)
Dividends and distributions declared	(38,144)		(32,638)			(5,506)
Issuance of common stock upon vesting of RSUs, net of shares withheld for income taxes (in shares)								45,000
Issuance of common stock upon vesting of RSUs, net of shares withheld for income taxes	(1)	(1)
Net income	50,180		42,249			7,931
Ending balance (in shares) at Jun. 30, 2022							53,579,712	53,580,000	6,866,430	6,866,000
Ending balance at Jun. 30, 2022	$ 761,231	$ 746,022	$ (86,783)	$ (6,338)		$ 107,789		$ 541		$ 0
Ending balance (in shares) at Jun. 30, 2022					559,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 89,245	$ 27,397
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	25,762	18,447
Share-based compensation expense	3,440	4,855
Amortization of debt issuance costs	280	141
Deferred income tax expense	2,272	1,286
Credit losses	274	0
Changes in operating assets and liabilities:
(Increase) in accounts receivable	(42,682)	(8,040)
(Increase) decrease in other current assets	(1,818)	581
Increase in accounts payable and accrued liabilities	10,175	448
Increase in other long-term liabilities	0	16
Net cash provided by operating activities	86,948	45,131
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to oil and gas properties	(59,800)	(36,331)
Additions to other fixed assets	(1,229)	(27)
Proceeds from sale of oil and gas properties, net	74,370	0
Net cash provided by (used in) investing activities	13,341	(36,358)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments of long-term debt	(70,000)	(4,000)
Borrowing of long-term debt	50,000	27,000
Offering costs of Class A common stock	(78)	0
Dividends paid	(55,768)	(25,537)
Distribution to holders of non-controlling interest	(11,163)	(7,809)
Debt issuance costs	(453)	(21)
Payment of employee tax withholding for settlement of equity compensation awards	(9,743)	(1,136)
Net cash used in financing activities	(97,205)	(11,503)
Change in cash and cash equivalents and restricted cash	3,084	(2,730)
Cash and cash equivalents and restricted cash, beginning of period	21,019	9,144
Cash and cash equivalents and restricted cash, end of period	24,103	6,414
Supplemental disclosure of noncash activity:
Accrued capital expenditures	62	100
Capitalized share-based compensation cost	2,855	3,487
Issuance of Class A common stock for acquisitions of oil and gas properties, net	17,629	0
Temporary equity cumulative adjustment to redemption value	0	54,294
Supplemental cash flow information:
Cash payments for loan commitment fees and interest	(1,916)	(437)
Tax payments, net of refunds	$ (11,564)	$ (2,881)

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation Description of the Business Brigham Minerals, Inc. (together with its wholly owned subsidiaries, "Brigham Minerals," “we," "us," "our," or the "Company"), a Delaware corporation, is a holding company whose sole material asset consists of an 88.6% interest in Brigham Minerals Holdings, LLC (“Brigham LLC”), which indirectly owns Brigham Minerals, LLC and Rearden Minerals, LLC (collectively, the “Minerals Subsidiaries”). The Minerals Subsidiaries acquire and actively manage a portfolio of mineral and royalty interests in the core of what we view as the most active, highly economic, liquids-rich resource plays across the continental United States. Our portfolio is comprised of mineral and royalty interests across five of the most highly economic, liquids-rich resource plays in the continental United States, including the Delaware and Midland Basins in West Texas and New Mexico, the Anadarko Basin in Oklahoma, the Denver-Julesburg (“DJ”) Basin in Colorado and Wyoming and the Williston Basin in North Dakota. Our highly technical approach towards mineral acquisitions in the geologic core of top-tier resource plays has purposefully led to a concentrated portfolio covering 36 of the most highly active counties for horizontal drilling in the continental United States. Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements of Brigham Minerals have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), except that, in accordance with the instructions to Form 10-Q, they do not include all of the notes required for financial statements prepared in conformity with U.S. GAAP. Accordingly, the accompanying unaudited interim financial statements should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 28, 2022 (the "Annual Report"). The unaudited interim financial statements reflect all normal recurring adjustments that, in the opinion of management, are necessary for a fair representation. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2022. Brigham Minerals operates in one segment: oil and natural gas exploration and production. As the primary beneficiary, Brigham Minerals consolidates the financial results of Brigham LLC and its subsidiaries and reports the interest related to the portion of the units in Brigham LLC not owned by Brigham Minerals as non-controlling interest, which will reduce net income attributable to the holders of Brigham Minerals' Class A common stock. For more information, see "Note 10—Non-controlling interest.”

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates These condensed consolidated financial statements and related notes are presented in accordance with GAAP. Preparation in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in the condensed consolidated financial statements and accompanying notes. Although management believes these estimates are reasonable, actual results could differ from these estimates. Changes in estimates are recorded prospectively. The accompanying condensed consolidated financial statements are based on a number of significant estimates including quantities of oil, natural gas and NGL reserves that are the basis for the calculations of depreciation, depletion, amortization (“DD&A”) and impairment of oil and natural gas properties. Reservoir engineering is a subjective process of estimating underground accumulations of oil and natural gas and there are numerous uncertainties inherent in estimating quantities of proved oil and natural gas reserves. The accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment. As a result, reserve estimates may differ from the quantities of oil and natural gas that are ultimately recovered. Brigham Minerals’ year-end reserve estimates are audited by Cawley, Gillespie & Associates, Inc., an independent petroleum engineering firm. Quarterly reserve estimates are internally generated by our in-house engineering staff. Other items subject to significant estimates and assumptions include the carrying amount of oil and natural gas properties, share-based compensation costs, and revenue accruals. Significant Accounting Policies Significant accounting policies are disclosed in Brigham Minerals' audited consolidated financial statements and notes for the year ended December 31, 2021, presented in the Annual Report. There have been no changes in such policies or the application of such policies during the three and six months ended June 30, 2022. Accounts Receivable Brigham Minerals routinely reviews outstanding balances, assesses the financial strength of its operators and records a reserve for amounts not expected to be fully recovered, using a current expected credit loss model. We recorded credit losses of $0.1 million and $0.3 million for the three and six months ended June 30, 2022, respectively, which was included in general and administrative expenses. We did not record credit losses for the three and six months ended June 30, 2021. As of June 30, 2022 and December 31, 2021, accounts receivable was comprised of the following (in thousands): June 30, 2022 December 31, 2021 Accounts receivable Oil and gas sales $ 73,755 $ 30,485 Reserve for credit losses (876) (995) Other 68 1,049 Total accounts receivable $ 72,947 $ 30,539 Concentration of Credit Risk and Significant Customers Financial instruments that potentially subject Brigham Minerals to concentrations of credit risk consist of cash, accounts receivable, and its revolving credit facility. Cash and cash equivalents are held in a few financial institutions in amounts that may, at times, exceed federally insured limits. However, no losses have been incurred and management believes that counterparty risks are minimal based on the reputation and history of the institutions selected. Accounts receivable are concentrated among operators and purchasers engaged in the energy industry within the United States. Management periodically assesses the financial condition of these entities and institutions and considers any possible credit risk to be minimal. Concentrations of oil and gas sales to significant customers (operators) are presented in the table below. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Pioneer Natural Resources 13 % 6 % 14 % 5 % Occidental Petroleum Corp 12 % 12 % 11 % 12 % Exxon Mobil Corp 9 % 14 % 10 % 15 % Chevron 9 % 3 % 10 % 3 % Continental Resources Inc. 6 % 10 % 6 % 10 % ConocoPhillips Company 6 % 12 % 6 % 12 % Management does not believe that the loss of any customer would have a long-term material adverse effect on our financial position or the results of operations. For the three and six months ended June 30, 2022, we received revenues from over 160 operators with approximately 73% of revenues coming from the top ten operators on our properties. For the three and six months ended June 30, 2021, we received revenues from over 130 operators with approximately 67% of revenues coming from the top ten operators on our properties.

Oil and Gas Properties

Oil and Gas Properties	6 Months Ended
	Jun. 30, 2022
Extractive Industries [Abstract]
Oil and Gas Properties	Oil and Gas Properties Brigham Minerals uses the full cost method of accounting for its oil and natural gas properties. Under this method, all acquisition costs incurred for the purpose of acquiring mineral and royalty interests are capitalized into a full cost pool. In addition, certain internal costs (or "capitalized general and administrative costs"), are also included in the full cost pool. Capitalized general and administrative costs were $3.0 million during the three months ended June 30, 2022 and 2021 and $6.1 million and $5.7 million for the six months ended June 30, 2022 and 2021, respectively. Capitalized costs do not include any costs related to general corporate overhead or similar activities, which are expensed in the period incurred. Oil and gas properties consisted of the following (in thousands): June 30, 2022 December 31, 2021 Oil and gas properties, at cost, using the full cost method of accounting: Unevaluated property $ 307,451 $ 338,613 Evaluated property 744,018 633,138 Total oil and gas properties, at cost 1,051,469 971,751 Less accumulated depreciation, depletion, and amortization (339,513) (239,612) Total oil and gas properties, net $ 711,956 $ 732,139 Capitalized costs are depleted on a unit of production basis based on proved oil and natural gas reserves. Depletion expense was $13.3 million and $9.0 million for the three months ended June 30, 2022 and 2021, respectively, and $25.5 million and $18.3 million for the six months ended June 30, 2022 and 2021, respectively. Average depletion of proved properties was $11.23 per Boe and $11.03 per Boe for the three months ended June 30, 2022 and 2021, respectively, and $11.26 per Boe and $11.30 per Boe for the six months ended June 30, 2022 and 2021, respectively. Under the full cost method of accounting, total capitalized costs of oil and natural gas properties, net of accumulated depletion and related deferred income taxes, may not exceed an amount equal to the present value of future net revenues from proved reserves, discounted at 10% per annum ("PV-10"), plus the cost of unevaluated properties, less related income tax effects (the "ceiling test"). A write-down of the carrying value of the full cost pool ("impairment charge") is a noncash charge that reduces earnings and impacts equity in the period of occurrence and typically results in lower depletion expense in future periods. A ceiling test is calculated at each reporting period. The ceiling test calculation is prepared using an unweighted arithmetic average of oil prices ("SEC oil price") and natural gas prices ("SEC gas price") as of the first day of each month for the trailing 12-month period ended, adjusted by area for energy content, transportation fees and regional price differentials, as required under the guidelines established by the SEC. At June 30, 2022 and June 30, 2021, the SEC oil price and SEC gas price used in the calculation of the ceiling test, adjusted by area for energy content, transportation fees and regional price differentials, was $85.78 and $49.78, respectively, per barrel of oil, and $5.14 and $2.47, respectively, per MMBtu of natural gas. There were no impairment charges during the three and six months ended June 30, 2022 or 2021. A decline in the SEC oil price or the SEC gas price could lead to impairment charges in the future and such impairment charges could be material. In addition to the impact of lower prices, any future changes to assumptions of drilling and completion activity, development timing, acquisitions or divestitures of oil and gas properties, proved undeveloped locations, and production and other estimates may require revisions to estimates of total proved reserves which would impact the amount of any impairment charge.

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Jun. 30, 2022
Extractive Industries [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures DJ Acquisition On December 15, 2021, the Company completed the acquisition of approximately 8,400 net royalty acres primarily in Weld County, Colorado for $89.4 million, consisting of 2.2 million shares of the Company's Class A common stock valued at $46.3 million and $43.1 million of cash, net of $1.7 million of customary closing adjustments (the "DJ Acquisition"). During the three months ended June 30, 2022, the Company received customary post-closing adjustments from the seller consisting of $1.8 million in cash and 122,069 shares of the Company's Class A common stock valued at $2.8 million which has been retained as treasury stock. The post-closing adjustments were recorded as a reduction of evaluated oil and gas properties. Echo Acquisition On March 31, 2022, the Company completed the acquisition of approximately 1,800 net royalty acres in the Midland Basin largely operated by Pioneer Natural Resources and Endeavor Energy Resources for $34.8 million, consisting of $14.4 million in cash, net of $0.6 million of customary closing adjustments, and 800,000 shares of the Company's Class A common stock valued at $20.4 million (the "Echo Acquisition"). The cash portion of the purchase price was funded by cash on hand. During the three months ended June 30, 2022, the Company received customary post-closing adjustments from the seller of $0.6 million in cash. The Echo Acquisition has been accounted for as an asset acquisition and the allocation of the purchase price was $16.8 million to unevaluated properties and $17.4 million to evaluated properties. Other Acquisitions During the six months ended June 30, 2022 and 2021, Brigham Minerals entered into a number of acquisitions of mineral and royalty interests from various sellers in Texas, Oklahoma, Colorado, New Mexico, and North Dakota, as reflected in the tables below (in thousands). Oil and Gas Properties Acquired Cash Consideration Evaluated Unevaluated Quarter Ended March 31, 2022 $ 4,562 $ 4,340 $ 8,902 Quarter Ended June 30, 2022 31,568 6,866 38,434 $ 36,130 $ 11,206 $ 47,336 Oil and Gas Properties Acquired Cash Consideration Evaluated Unevaluated Quarter Ended March 31, 2021 $ 9,073 $ 12,776 $ 21,849 Quarter Ended June 30, 2021 8,842 5,594 14,436 $ 17,915 $ 18,370 $ 36,285 The change in the oil and natural gas property balance is comprised of payments for acquisitions of minerals, land brokerage costs and capitalized general and administrative expenses that for the six months ended June 30, 2022 and 2021 were funded with our retained operating cash flow, proceeds from asset sales and our revolving credit facility (as hereinafter defined). Divestitures During the three and six months ended June 30, 2022, Brigham Minerals divested certain non-core, mostly undeveloped acreage totaling 12,550 and 13,535 net royalty acres, respectively, in the Anadarko Basin and received cash proceeds of $67.3 million and $74.4 million, respectively, net of customary closing adjustments. These sales were accounted for as adjustments to the full cost pool, with no gains or losses recognized.

Revenue From Contracts With Cus

Revenue From Contracts With Customers	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue From Contracts With Customers	Revenue From Contracts With Customers Mineral and royalty revenues Mineral and royalty revenues are generally recognized when control of the product is transferred to the customer, the performance obligations under the terms of the contracts with customers are satisfied and collectability is reasonably assured. All of the Company's oil, natural gas and NGL sales are made under contracts with customers (operators). The performance obligations for the Company's contracts with customers are satisfied at a point in time through the delivery of oil and natural gas to its customers. Accordingly, the Company’s contracts do not give rise to contract assets or liabilities. The Company typically receives payment for oil, natural gas and NGL sales within 60 days of the month of delivery, however this can extend approximately six months after initial production from the well as our team works with the operator to put us into pay status. The Company's contracts for oil, natural gas and NGL sales are standard industry contracts that include variable consideration based on the monthly index price and adjustments that may include counterparty-specific provisions related to volumes, price differentials, discounts and other adjustments and deductions. As each unit of product represents a separate performance obligation and the consideration is variable as it relates to oil and natural gas prices, Brigham Minerals recognizes revenue from oil and natural gas sales using the allocation exception for variable consideration in ASC 606. During the three and six months ended June 30, 2022 and 2021, the disaggregated revenues from sales of oil, natural gas and NGLs are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Oil sales $ 66,415 $ 26,729 $ 117,103 $ 49,542 Natural gas sales 13,968 6,704 24,280 12,141 NGL sales 10,020 3,572 19,015 7,498 Total mineral and royalty revenues $ 90,403 $ 37,005 $ 160,398 $ 69,181 Lease bonus and other income Brigham Minerals also earns revenue from lease bonuses, delay rentals, and right-of-way payments. We generate lease bonus revenue by leasing our mineral interests to exploration and production companies. A lease agreement represents our contract with a customer and generally transfers the rights to any oil or natural gas discovered, grants us a right to a specified royalty interest, and requires that drilling and completion operations commence within a specified time period. The Company recognizes lease bonus revenues when the lease agreement has been executed, payment has been received, and the Company has no further obligation to refund the payment. At the time Brigham Minerals executes the lease agreement, Brigham Minerals expects to receive the lease bonus payment within a reasonable time, though in no case more than one year, such that Brigham Minerals has not adjusted the expected amount of consideration for the effects of any significant financing component per the practical expedient in ASC 606. Brigham Minerals also recognizes revenue from delay rentals to the extent drilling has not started within the specified period, payment has been received, and we have no further obligation to refund the payment. Right-of-way payments are recorded by the Company when the agreement has been executed, payment is determined to be collectable, and the Company has no further obligation to refund the payment. Allocation of transaction price to remaining performance obligations Mineral and royalty revenues Brigham Minerals’ right to royalty income does not originate until production occurs and, therefore, is not considered to exist beyond each day’s production. Therefore, there are no remaining performance obligations under any of our royalty income contracts. Lease bonus and other income Given that Brigham Minerals does not recognize lease bonus or other income until a lease agreement has been executed, at which point its performance obligation has been satisfied, and payment is received, Brigham Minerals does not record revenue for unsatisfied or partially unsatisfied performance obligations as of the end of the reporting period. Prior-period performance obligations Brigham Minerals records revenue in the month production is delivered to the purchaser. As a non-operator, Brigham Minerals has limited visibility into the timing of when new wells start producing and production statements may not be received for 30 to 90 days or more after the date production is delivered. As a result, Brigham Minerals is required to estimate the amount of production delivered to the purchaser and the price that will be received for the sale of the product. The expected sales volumes and prices for these properties are estimated and recorded within the accounts receivable line item in the accompanying condensed consolidated balance sheets. The difference between the Company’s estimates and the actual amounts received for oil and natural gas sales is recorded in the month that payment is received from the third party. For the three and six months ended June 30, 2022 and 2021, revenue recognized in the reporting periods related to performance obligations satisfied in prior reporting periods was immaterial.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We classify financial assets and liabilities that are measured and reported at fair value on a recurring basis using a hierarchy based on the inputs used in measuring fair value. GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). We classify the inputs used to measure fair value into the following hierarchy: • Level 1: Inputs based on quoted market prices in active markets for identical assets or liabilities at the measurement date. • Level 2: Inputs based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active or other inputs that are observable and can be corroborated by observable market data. • Level 3: Inputs that reflect management’s best estimates and assumptions of what market participants would use in pricing the asset or liability at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer would be reported at the beginning of the period in which the change occurs. Assets and Liabilities Measured at Fair Value on a Recurring Basis We had no financial assets and liabilities that were accounted for at fair value on a recurring basis at June 30, 2022 and December 31, 2021. Brigham Minerals had no transfers into or out of Level 1 and no transfers into or out of Level 2 for the six months ended June 30, 2022 and June 30, 2021. Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis Certain non-financial assets and liabilities, such as assets and liabilities acquired in a business combination, are measured at fair value on a nonrecurring basis on the acquisition date and are subject to fair value adjustments under certain circumstances. The inputs used to determine such fair value are primarily based upon internally developed cash flow models and include factors such as estimates of economic reserves, future commodity prices and risk-adjusted discount rates, and are classified within Level 3. Fair Value of Other Financial Instruments

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Revolving Credit Facility On May 16, 2019, Brigham Resources, LLC ("Brigham Resources"), a wholly-owned subsidiary of Brigham LLC, entered into a credit agreement with Wells Fargo Bank, N.A., as administrative agent (the "Administrative Agent") for the various lenders from time to time party thereto, providing for a revolving credit facility (our "revolving credit facility"). Our revolving credit facility is guaranteed by Brigham Resources’ domestic subsidiaries and is collateralized by a lien on a substantial portion of Brigham Resources and its domestic subsidiaries’ assets, including a substantial portion of their respective royalty and mineral properties. On July 7, 2021, Brigham Resources entered into the Third Amendment to the credit agreement (the "Third Amendment"). The Third Amendment, among other things, evidenced an increase of the borrowing base and elected commitments under the prior credit agreement from $135.0 million to $165.0 million and the addition of leverage (maximum 3.00x) and liquidity (minimum 10% of total net revolving commitments) conditions to Brigham Resources’ ability to pay dividends or distributions (other than permitted tax distributions) to the owners of its equity interests. On December 15, 2021, Brigham Resources entered into the Fourth Amendment to the credit agreement (the “Fourth Amendment”). The Fourth Amendment, among other things, evidenced a further increase of the borrowing base and elected commitments under the prior credit agreement from $165.0 million to $230.0 million. On June 3, 2022, Brigham Resources entered into the Fifth Amendment to the credit agreement (the "Fifth Amendment"). The Fifth Amendment, among other things, (1) evidenced an increase of the borrowing base and elected commitments under the Credit Agreement from $230.0 million to $290.0 million, respectively, (2) effected a transition of the benchmark interest rate from the London interbank offered rate (“LIBOR”) to the secured overnight financing rate (“SOFR”) as administered by the Federal Reserve Bank of New York, by replacing reserve-adjusted LIBOR with term SOFR for one, three or six month interest periods, plus a fixed credit spread adjustment of 0.10% irrespective of elected tenor (subject to a floor of 0.00%), and (3) grandfathered all outstanding LIBOR borrowings at original LIBOR benchmark pricing through expiry of the applicable interest periods therefor. Availability under our revolving credit facility is governed by a borrowing base, which is subject to redetermination semi-annually. In addition, lenders holding two-thirds of the aggregate commitments may request one additional redetermination each year. Brigham Resources can also request one additional redetermination each year, and such other redeterminations as appropriate when significant acquisition opportunities arise. The borrowing base is subject to further adjustments for asset dispositions, material title deficiencies, certain terminations of hedge agreements and issuances of permitted additional indebtedness. Increases to the borrowing base require unanimous approval of the lenders, while decreases only require approval of lenders holding two-thirds of the aggregate commitments at such time. The weighted average interest rate for the six months ended June 30, 2022 was 3.14%. As of June 30, 2022, the borrowing base on our revolving credit facility was $290.0 million, with outstanding borrowings of $73.0 million, resulting in $217.0 million available for future borrowings. Our revolving credit facility bears interest at a rate per annum equal to, at our option, the adjusted base rate or the adjusted LIBOR rate plus an applicable margin for tranches outstanding as of June 3, 2022 or the adjusted SOFR rate plus an applicable margin for tranches effective post June 3, 2022. The applicable margin is based on utilization of our revolving credit facility and ranges from (a) in the case of adjusted base rate loans, 1.500% to 2.500% and (b) in the case of adjusted LIBOR rate loans and adjusted SOFR rate loans, 2.500% to 3.500%. Brigham Resources may elect an interest period of one three six Our revolving credit facility matures on May 16, 2024. Loans drawn under our revolving credit facility may be prepaid at any time without premium or penalty (other than customary LIBOR breakage) and must be prepaid in the event that exposure exceeds the lesser of the borrowing base and the elected availability at such time. The principal amount of loans that are prepaid are required to be accompanied by accrued and unpaid interest and fees on such amounts. Loans that are prepaid may be reborrowed. In addition, Brigham Resources may permanently reduce or terminate in full the commitments under our revolving credit facility prior to maturity. Any excess exposure resulting from such permanent reduction or termination must be prepaid. Upon the occurrence of an event of default under our revolving credit facility, the Administrative Agent acting at the direction of the lenders holding a majority of the aggregate commitments at such time may accelerate outstanding loans and terminate all commitments under our revolving credit facility, provided that such acceleration and termination occurs automatically upon the occurrence of a bankruptcy or insolvency event of default. Our revolving credit facility contains customary affirmative and negative covenants, including, without limitation, reporting obligations, restrictions on asset sales, restrictions on additional debt and lien incurrence and restrictions on making distributions (subject to Consolidated Total Leverage Ratio and liquidity thresholds) and investments. In addition, our revolving credit facility requires us to maintain (a) a current ratio of not less than 1.00 to 1.00 and (b) a ratio of total net funded debt to consolidated EBITDA of not more than 3.50 to 1.00. As of June 30, 2022, we were in compliance with all covenants in accordance with our revolving credit facility.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases The Company enters into leasing transactions in which the Company is the lessee. The Company's lease contracts are generally for office buildings, and office equipment. The Company performed evaluations of its contracts and determined it has only operating leases. In July 2019, the Company entered into a lease agreement for its corporate headquarters located in Austin, TX (the “Bridgepoint Lease”). The Bridgepoint Lease includes approximately 29,546 square feet and commenced in July 2019, with an expiration on June 30, 2027. The Bridgepoint Lease includes lease and non-lease components that we account for as a single lease component as an accounting policy election. The Bridgepoint Lease requires monthly lease payments that may be subject to annual increases throughout the lease term and also includes renewal options at the election of the Company to renew or extend the lease for two, consecutive, five-year lease terms. This optional period has not been included in the lease term in the determination of the operating lease right-of-use-assets or operating lease liabilities associated with these leases as the Company did not consider it reasonably certain it would exercise the options. Since the Bridgepoint Lease does not contain an implicit rate, the Company used the incremental borrowing rate of 2% as the discount rate to calculate present value of lease payments. Rent expense on operating leases is recognized over the term of the lease on a straight-line basis. Rent expense for the three months ended June 30, 2022 and 2021 was $0.3 million in each period. Rent expense for the six months ended June 30, 2022 and 2021 was $0.7 million and $0.6 million, respectively. The Company also enters into leasing transactions in which the Company is the lessor, primarily through land easements. The Company performed evaluations on all term-based land easement payments received during the three and six months ended June 30, 2022 and determined that all such payments were immaterial in the aggregate. The following table summarizes the Company’s recognition of its operating lease (in thousands): Classification June 30, 2022 Assets Operating Operating lease right-of-use assets $ 6,178 Liabilities Current: Operating Current operating lease liability $ 1,200 Non-current: Operating Non-current operating lease liability $ 5,138 The table below presents the maturity of the Company’s liabilities under the Bridgepoint Lease as of June 30, 2022 (in thousands): Commitment 2022 (remainder of) $ 652 2023 1,319 2024 1,340 2025 1,360 2026 1,383 Thereafter 582 Total lease payments 6,636 Less imputed interest (298) Total lease liabilities $ 6,338

Equity

Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Equity	Equity Class A Common Stock Brigham Minerals had approximately 53.6 million shares of its Class A common stock outstanding as of June 30, 2022. Holders of Class A common stock are entitled to one vote per share on all matters to be voted upon by the stockholders and are entitled to ratably receive dividends when and if declared by the Company’s Board of Directors. Upon liquidation, dissolution, distribution of assets or other winding up, the holders of Class A common stock are entitled to receive ratably the assets available for distribution to the stockholders after payment of liabilities. Class B Common Stock Brigham Minerals had approximately 6.9 million shares of its Class B common stock outstanding as of June 30, 2022. Holders of the Class B common stock are entitled to one vote per share on all matters to be voted upon by the stockholders. Holders of Class A common stock and Class B common stock generally vote together as a single class on all matters presented to Brigham Minerals’ stockholders for their vote or approval. Holders of Class B common stock do not have any right to receive dividends or distributions upon a liquidation or winding up of Brigham Minerals. Treasury Stock As of June 30, 2022, there were 0.6 million shares of Class A common stock held in treasury. Earnings per Share Basic earnings per share (“EPS”) measures the performance of an entity over the reporting period. Diluted earnings per share measures the performance of an entity over the reporting period while giving effect to all potentially dilutive common shares that were outstanding during the period. Brigham Minerals uses the “if-converted” method to determine the potential dilutive effect of exchanges of outstanding shares of Class B common stock (and corresponding units of Brigham LLC ("Brigham LLC Units")), and the treasury stock method to determine the potential dilutive effect of vesting of its outstanding RSAs, RSUs, PSUs (each as defined in "Note 11—Share-Based Compensation") and unvested Incentive Units. Brigham Minerals does not use the two-class method because the Class B common stock and the unvested share-based awards are nonparticipating securities. For the three and six months ended June 30, 2022 and 2021, the Incentive Units and shares of Class B common stock were not recognized in dilutive EPS calculations as the effects would have been antidilutive. Additionally, for the three and six months ended June 30, 2021 the RSAs were not recognized in dilutive EPS calculations as the effects would have been antidilutive. The following table reflects the allocation of net income to common stockholders and EPS computations for the period indicated based on a weighted average number of common stock outstanding for the period (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Basic EPS Numerator: Basic net income attributable to Brigham Minerals, Inc. stockholders $ 42,249 $ 11,188 $ 73,231 $ 19,784 Denominator: Basic weighted average shares outstanding 52,547 43,916 50,505 43,717 Basic EPS attributable to Brigham Minerals, Inc. stockholders $ 0.80 $ 0.25 $ 1.45 $ 0.45 Diluted EPS Numerator: Basic net income attributable to Brigham Minerals, Inc. stockholders $ 42,249 $ 11,188 $ 73,231 $ 19,784 Diluted net income attributable to Brigham Minerals, Inc. stockholders $ 42,249 $ 11,188 $ 73,231 $ 19,784 Denominator: Basic weighted average shares outstanding 52,547 43,916 50,505 43,717 Effects of dilutive securities: Unvested equity awards 1,851 1,365 1,700 1,374 Diluted weighted average shares outstanding 54,398 45,281 52,205 45,091 Diluted EPS attributable to Brigham Minerals, Inc. stockholders $ 0.78 $ 0.25 $ 1.40 $ 0.44

Non-controlling Interest

Non-controlling Interest	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Non-controlling Interest	Non-controlling interest Non-controlling interest represents the 11.4% interest in the units of Brigham LLC not owned by Brigham Minerals, as of June 30, 2022. Each share of Class B common stock does not have any economic rights but entitles its holder to one vote on all matters to be voted on by our stockholders generally, and holders of Brigham LLC Units (and Class B common stock) have a redemption right into shares of Class A common stock. Under the Brigham LLC Agreement, each Brigham LLC Unit Holder, subject to certain limitations, has a right (the "Redemption Right") to cause Brigham LLC to acquire all or a portion of its Brigham LLC Units for, at Brigham LLC’s election, (i) shares of our Class A common stock at a redemption ratio of one share of Class A common stock for each Brigham LLC Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions or (ii) an equivalent amount of cash. We will determine whether to issue shares of Class A common stock or cash based on facts in existence at the time of the decision, which we expect would include the relative value of the Class A common stock (including trading prices for the Class A common stock at the time), the cash purchase price, the availability of other sources of liquidity (such as an issuance of preferred stock) to acquire the Brigham LLC Units and alternative uses for such cash. Alternatively, upon the exercise of the Redemption Right, Brigham Minerals (instead of Brigham LLC) will have a call right to, for administrative convenience, acquire each tendered Brigham LLC Unit directly from the redeeming Brigham LLC Unit Holder for, at its election, (x) one share of Class A common stock or (y) an equivalent amount of cash (the "Call Right"). The decision to make a cash payment upon a Brigham LLC Unit Holder's exercise of its Redemption Right is required to be made by the Company's directors who are independent under Section 10A-3 of the Securities Act and do not hold any Brigham LLC Units subject to such redemption. In connection with any redemption of Brigham LLC Units pursuant to the Redemption Right or acquisition pursuant to our Call Right, the corresponding number of shares of Class B common stock will be cancelled. Non-controlling interest is recorded at its carrying value. For the period from December 31, 2021 to June 30, 2022, the Company recorded adjustments to the value of non-controlling interest as presented in the table below (in thousands): Non-controlling interest Balance - December 31, 2021 $ 173,245 Conversion of Class B common stock to Class A common stock (34,439) Net income attributable to non-controlling interest 8,083 Distribution to holders of non-controlling interest declared (5,743) Balance - March 31, 2022 $ 141,146 Conversion of Class B common stock to Class A common stock (35,782) Net income attributable to non-controlling interest 7,931 Distribution to holders of non-controlling interest declared (5,506) Balance - June 30, 2022 $ 107,789

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Long Term Incentive Plan In connection with the IPO, Brigham Minerals adopted the Brigham Minerals, Inc. 2019 Long Term Incentive Plan (“LTIP”) for employees, consultants and directors who perform services for Brigham Minerals. The LTIP provides for issuance of awards based on shares of Class A common stock. Brigham Minerals has issued restricted stock awards ("RSAs"), restricted stock units subject to time-based vesting ("RSUs") and restricted stock units subject to performance-based vesting ("PSUs") under the LTIP. The shares to be delivered under the LTIP shall be made available from (i) authorized but unissued shares, (ii) shares held as treasury stock or (iii) previously issued shares reacquired by Brigham Minerals including shares purchased on the open market. A total of 5,999,600 shares of Class A common stock have been authorized for issuance under the LTIP. At June 30, 2022, 4,437,697 shares of Class A common stock remained available for future issuances upon vesting of equity awards. Currently, all RSUs and PSUs granted under the LTIP are entitled to receive dividend equivalent rights (“DERs”), which entitle holders of RSUs and PSUs to the same dividend value per share as holders of the Company's Class A common stock. Such DERs are subject to the same vesting and other terms and conditions as the corresponding unvested RSUs and PSUs. DERs are accumulated and paid when the underlying shares vest. The fair value of the RSU awards granted with the right to receive DERs are generally based on the trading price of the Company’s Class A common stock as of the date of grant. Brigham Minerals accounts for the awards granted under the LTIP as compensation cost measured at the fair value of the award on the date of grant. Brigham Minerals accounts for forfeitures as they occur. The Company has granted RSAs to certain employees, which are grants of shares of Class A common stock subject to a risk of forfeiture and restrictions on transferability. The share-based compensation expense of such RSAs was determined using the closing price of Class A common stock on April 23, 2019, the date of grant, of $21.25. On April 23, 2019, 312,189 RSAs were granted and 152,742 RSAs held by former employees of the Company vested immediately. The RSAs generally vested in one-third increments on each of April 23, 2020, 2021 and 2022. The following table summarizes activity related to RSAs for the six months ended June 30, 2022. Restricted Stock Awards Number of RSAs Grant Date Fair Value Unvested at January 1, 2022 30,433 $ 21.25 Vested (28,710) $ 21.25 Forfeited (1,723) $ 21.25 Unvested at June 30, 2022 — The Company has granted RSUs to certain employees and directors, which represent the right to receive shares of Class A common stock at the end of the vesting period in an amount equal to the number of RSUs that vest. The RSUs issued to employees generally vest in one-third increments over a three-year period and RSUs issued to directors vest in one year from the date of grant. RSUs are subject to restrictions on transfer and are generally subject to a risk of forfeiture if the award recipient ceases providing services to Brigham Minerals prior to the date the award vests. The share-based compensation cost of such RSUs was determined using the closing price on the applicable date of grant, which is then applied to the total number of RSUs granted. The following table summarizes activity related to RSUs for the six months ended June 30, 2022. Restricted Stock Units Number of RSUs Weighted-Average Grant Date Fair Value Unvested at January 1, 2022 553,976 $ 16.55 Granted (1) 382,248 $ 24.59 Vested (46,037) $ 18.47 Forfeited (72,084) $ 16.87 Unvested at June 30, 2022 818,103 $ 20.17 (1) Valued at a weighted-average grant date fair value. The Company has granted PSUs to certain officers and managers, which vest based on continuous employment and satisfaction of a market condition based on the absolute total stockholder return of the Company’s common stock, including paid dividends, over an approximate three-year performance period. The terms and conditions of the PSUs allow for vesting of the awards ranging between 0% (or forfeiture) and 200% of target. In addition, the number of PSUs earned may be adjusted based on our relative TSR as compared to a benchmarking peer group over the three-year performance period. Expense related to these PSUs is recognized on a straight-line basis over the length of the applicable performance period. All compensation cost related to the market-based awards will be recognized if the requisite service period is fulfilled, even if the market condition is not achieved. The grant date fair value of such PSUs was determined using a Monte Carlo simulation model that utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award to calculate the fair value of the award. Expected volatilities in the model were estimated on the basis of historical volatility of a group of publicly traded oil and gas companies with a performance period of approximately three years. The risk-free interest rate was based on the United States Treasury rate for a term commensurate with the expected life of the grant. The following table summarizes activity related to PSUs for the six months ended June 30, 2022: Performance-Based Restricted Stock Units Target PSUs Grant Date Fair Value Unvested at January 1, 2022 906,643 $ 11.94 Granted 295,846 $ 11.93 Forfeited (58,938) $ 13.41 Unvested at June 30, 2022 1,143,551 $ 11.86 Short Term Incentive Plan During 2022, the Company implemented a short term incentive plan (the “STIP”) for executives and certain other employees who perform services for the Company. The STIP is based on quantitative and qualitative metrics that are key drivers of shareholder value. Each STIP participant was assigned a target award opportunity expressed as a percentage of base salary and the awards allow for attainment ranging between 0% and 150% of target. Award attainment is based on the achievement of various financial, operational and other strategic metrics. If earned, the STIP awards will be paid in cash at the completion of the plan year for all employees other than the CEO. The CEO's STIP awards will be paid out in the form of shares of our Class A common stock, rather than cash, with such award subject to a one-year vesting period. As the STIP awards to be settled in shares of our Class A common stock will consist of a variable number of shares based on the award attainment at the completion of the plan year and the fair market value of our Class A common stock, we will initially account for these awards as liabilities with performance conditions. Once the number of shares to be issued has been fixed, the awards will be reclassified to equity. Expense for awards with performance conditions is only recognized when achievement of the performance target is deemed probable. The expense to be recognized is based on the Company’s best estimate of probable attainment at the end of each reporting period prorated for the portion of the requisite service period rendered. The target attainment for the STIP awards for the year ended December 31, 2022 is $2.4 million, of which $0.5 million is expected to be settled in shares of the Company's Class A common stock. During the three and six months ended June 30, 2022, the Company accrued $0.5 million and $1.0 million, respectively, related to the STIP awards. Share-Based Compensation Expense Share-based compensation expense is included in general and administrative expense in the Company's condensed consolidated statements of operations included within this Quarterly Report. Share-based compensation expense recorded for each type of share-based compensation award for the three and six months ended June 30, 2022 and 2021 is summarized in the table below (in thousands). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Incentive units (1) $ 178 $ 178 $ 356 $ 356 RSAs (1) 39 163 164 297 RSUs (1) 2,127 2,534 3,553 5,076 PSUs (2) 1,173 1,534 2,147 2,613 STIP awards (3) 67 — 75 — Capitalized share-based compensation (4) (1,625) (1,854) (2,855) (3,487) Total share-based compensation expense $ 1,959 $ 2,555 $ 3,440 $ 4,855 (1) Share-based compensation expense relating to Incentive Units, RSAs and RSUs with ratable vesting is recognized on a straight-line basis over the requisite service period for the entire award. (2) Share-based compensation expense relating to PSUs with cliff-vesting is recognized on a straight-line basis over the performance period for the entire award. (3) Share-based compensation expense relating to STIP awards to be settled in shares of our Class A common stock is recognized on a straight-line basis over the requisite service period for the entire award. (4) During the three and six months ended June 30, 2022, Brigham Minerals capitalized $0.3 million and $0.9 million, respectively, of share-based compensation cost to unevaluated property, $1.2 million and $1.9 million, respectively, of share-based compensation cost to evaluated property and $0.1 million of share-based compensation cost to internally developed software in each period. During the three and six months ended June 30, 2021, Brigham Minerals capitalized $0.6 million and $1.5 million, respectively, of share-based compensation cost to unevaluated property and $1.3 million and $2.0 million, respectively, of share-based compensation cost to evaluated property. Future Share-Based Compensation Expense The following table reflects the future share-based compensation expense expected to be recorded for the share-based compensation awards that were outstanding at June 30, 2022, a portion of which will be capitalized (in thousands): Incentive Units RSUs PSUs STIP Awards Total 2022 $ 178 $ 4,299 $ 2,375 $ 135 $ 6,987 2023 — 5,627 3,877 268 9,772 2024 — 2,749 1,179 57 3,985 2025 — 593 254 — 847 Total $ 178 $ 13,268 $ 7,685 $ 460 $ 21,591

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company evaluates and updates its annual effective income tax rate on a quarterly basis under the effective tax rate method based on applying an anticipated annual effective rate to its year-to-date income, except for discrete items. Consequently, based upon the mix and timing of our actual earnings compared to annual projections, our effective tax rate may vary quarterly and may make comparisons not meaningful. Income taxes for discrete items are computed and recorded in the period that the specific transaction occurs. Income tax expense was as follows for the periods indicated (in thousands, except for tax rate): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income tax expense $ 12,957 $ 3,430 $ 19,870 $ 6,503 Effective tax rate 20.5 % 18.3 % 18.2 % 19.2 % Total income tax expense for the three and six months ended June 30, 2022 and 2021 differed from amounts computed by applying the U.S. federal statutory tax rate of 21% due to the impact of excess tax benefits resulting from vesting of equity awards, non-controlling interest, state taxes (net of the anticipated federal benefit), share-based compensation expense, and percentage depletion in excess of basis. The effective tax rate for the three and six months ended June 30, 2022 and 2021 reflects Brigham Minerals' ownership interest in Brigham LLC of 88.6% and 79.5%, respectively, at the end of each period.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	ContingenciesBrigham Minerals may, from time to time, be a party to certain lawsuits and claims arising in the ordinary course of business. The outcome of such lawsuits and claims cannot be estimated with certainty and management may not be able to estimate the range of possible losses. Brigham Minerals records reserves for contingencies when information available indicates that a loss is probable and the amount of the loss can be reasonably estimated. Brigham Minerals had no reserves for contingencies at June 30, 2022 and December 31, 2021.

COVID-19 Pandemic

COVID-19 Pandemic	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COVID-19 Pandemic	COVID-19 Pandemic COVID-19 Pandemic and Impact on Global Demand for Oil and Natural Gas The ongoing global spread of coronavirus (SARS-Cov-2), which causes COVID-19, remains a global pandemic, however, demand for the commodities produced by the oil and natural gas industry and commodity prices have improved substantially from historic lows in 2020. However, the duration of the COVID-19 pandemic and potential future impact to our business and industry continues to be unpredictable and dynamic.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn August 2, 2022, the Board of Directors of Brigham Minerals declared a dividend of $0.77 per share of Class A common stock payable on August 26, 2022, to stockholders of record at the close of business on August 19, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements of Brigham Minerals have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), except that, in accordance with the instructions to Form 10-Q, they do not include all of the notes required for financial statements prepared in conformity with U.S. GAAP. Accordingly, the accompanying unaudited interim financial statements should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 28, 2022 (the "Annual Report"). The unaudited interim financial statements reflect all normal recurring adjustments that, in the opinion of management, are necessary for a fair representation. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2022. Brigham Minerals operates in one segment: oil and natural gas exploration and production.
Use of Estimates	Use of Estimates These condensed consolidated financial statements and related notes are presented in accordance with GAAP. Preparation in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in the condensed consolidated financial statements and accompanying notes. Although management believes these estimates are reasonable, actual results could differ from these estimates. Changes in estimates are recorded prospectively. The accompanying condensed consolidated financial statements are based on a number of significant estimates including quantities of oil, natural gas and NGL reserves that are the basis for the calculations of depreciation, depletion, amortization (“DD&A”) and impairment of oil and natural gas properties. Reservoir engineering is a subjective process of estimating underground accumulations of oil and natural gas and there are numerous uncertainties inherent in estimating quantities of proved oil and natural gas reserves. The accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment. As a result, reserve estimates may differ from the quantities of oil and natural gas that are ultimately recovered. Brigham Minerals’ year-end reserve estimates are audited by Cawley, Gillespie & Associates, Inc., an independent petroleum engineering firm. Quarterly reserve estimates are internally generated by our in-house engineering staff.
Accounts Receivable	Accounts ReceivableBrigham Minerals routinely reviews outstanding balances, assesses the financial strength of its operators and records a reserve for amounts not expected to be fully recovered, using a current expected credit loss model. We recorded credit losses of $0.1 million and $0.3 million for the three and six months ended June 30, 2022, respectively, which was included in general and administrative expenses.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of Accounts Receivable	As of June 30, 2022 and December 31, 2021, accounts receivable was comprised of the following (in thousands): June 30, 2022 December 31, 2021 Accounts receivable Oil and gas sales $ 73,755 $ 30,485 Reserve for credit losses (876) (995) Other 68 1,049 Total accounts receivable $ 72,947 $ 30,539
Schedules of Concentration of Risk, by Risk Factor	Concentrations of oil and gas sales to significant customers (operators) are presented in the table below. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Pioneer Natural Resources 13 % 6 % 14 % 5 % Occidental Petroleum Corp 12 % 12 % 11 % 12 % Exxon Mobil Corp 9 % 14 % 10 % 15 % Chevron 9 % 3 % 10 % 3 % Continental Resources Inc. 6 % 10 % 6 % 10 % ConocoPhillips Company 6 % 12 % 6 % 12 %

Oil and Gas Properties (Tables)

Oil and Gas Properties (Tables)	6 Months Ended
	Jun. 30, 2022
Extractive Industries [Abstract]
Schedule of Oil and Gas Properties	Oil and gas properties consisted of the following (in thousands): June 30, 2022 December 31, 2021 Oil and gas properties, at cost, using the full cost method of accounting: Unevaluated property $ 307,451 $ 338,613 Evaluated property 744,018 633,138 Total oil and gas properties, at cost 1,051,469 971,751 Less accumulated depreciation, depletion, and amortization (339,513) (239,612) Total oil and gas properties, net $ 711,956 $ 732,139

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	6 Months Ended
	Jun. 30, 2022
Extractive Industries [Abstract]
Schedule of Asset Acquisitions	During the six months ended June 30, 2022 and 2021, Brigham Minerals entered into a number of acquisitions of mineral and royalty interests from various sellers in Texas, Oklahoma, Colorado, New Mexico, and North Dakota, as reflected in the tables below (in thousands). Oil and Gas Properties Acquired Cash Consideration Evaluated Unevaluated Quarter Ended March 31, 2022 $ 4,562 $ 4,340 $ 8,902 Quarter Ended June 30, 2022 31,568 6,866 38,434 $ 36,130 $ 11,206 $ 47,336 Oil and Gas Properties Acquired Cash Consideration Evaluated Unevaluated Quarter Ended March 31, 2021 $ 9,073 $ 12,776 $ 21,849 Quarter Ended June 30, 2021 8,842 5,594 14,436 $ 17,915 $ 18,370 $ 36,285

Revenue From Contract With Cust

Revenue From Contract With Customer (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	During the three and six months ended June 30, 2022 and 2021, the disaggregated revenues from sales of oil, natural gas and NGLs are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Oil sales $ 66,415 $ 26,729 $ 117,103 $ 49,542 Natural gas sales 13,968 6,704 24,280 12,141 NGL sales 10,020 3,572 19,015 7,498 Total mineral and royalty revenues $ 90,403 $ 37,005 $ 160,398 $ 69,181

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Summary of Recognition of Operating Lease	The following table summarizes the Company’s recognition of its operating lease (in thousands): Classification June 30, 2022 Assets Operating Operating lease right-of-use assets $ 6,178 Liabilities Current: Operating Current operating lease liability $ 1,200 Non-current: Operating Non-current operating lease liability $ 5,138
Schedule of Future Minimum Lease Commitments	The table below presents the maturity of the Company’s liabilities under the Bridgepoint Lease as of June 30, 2022 (in thousands): Commitment 2022 (remainder of) $ 652 2023 1,319 2024 1,340 2025 1,360 2026 1,383 Thereafter 582 Total lease payments 6,636 Less imputed interest (298) Total lease liabilities $ 6,338

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reflects the allocation of net income to common stockholders and EPS computations for the period indicated based on a weighted average number of common stock outstanding for the period (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Basic EPS Numerator: Basic net income attributable to Brigham Minerals, Inc. stockholders $ 42,249 $ 11,188 $ 73,231 $ 19,784 Denominator: Basic weighted average shares outstanding 52,547 43,916 50,505 43,717 Basic EPS attributable to Brigham Minerals, Inc. stockholders $ 0.80 $ 0.25 $ 1.45 $ 0.45 Diluted EPS Numerator: Basic net income attributable to Brigham Minerals, Inc. stockholders $ 42,249 $ 11,188 $ 73,231 $ 19,784 Diluted net income attributable to Brigham Minerals, Inc. stockholders $ 42,249 $ 11,188 $ 73,231 $ 19,784 Denominator: Basic weighted average shares outstanding 52,547 43,916 50,505 43,717 Effects of dilutive securities: Unvested equity awards 1,851 1,365 1,700 1,374 Diluted weighted average shares outstanding 54,398 45,281 52,205 45,091 Diluted EPS attributable to Brigham Minerals, Inc. stockholders $ 0.78 $ 0.25 $ 1.40 $ 0.44

Non-controlling Interest (Table

Non-controlling Interest (Tables)	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Schedule Of Adjustments To Noncontrolling Interests	For the period from December 31, 2021 to June 30, 2022, the Company recorded adjustments to the value of non-controlling interest as presented in the table below (in thousands): Non-controlling interest Balance - December 31, 2021 $ 173,245 Conversion of Class B common stock to Class A common stock (34,439) Net income attributable to non-controlling interest 8,083 Distribution to holders of non-controlling interest declared (5,743) Balance - March 31, 2022 $ 141,146 Conversion of Class B common stock to Class A common stock (35,782) Net income attributable to non-controlling interest 7,931 Distribution to holders of non-controlling interest declared (5,506) Balance - June 30, 2022 $ 107,789

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Incentive Unit Activity	The following table summarizes activity related to RSAs for the six months ended June 30, 2022. Restricted Stock Awards Number of RSAs Grant Date Fair Value Unvested at January 1, 2022 30,433 $ 21.25 Vested (28,710) $ 21.25 Forfeited (1,723) $ 21.25 Unvested at June 30, 2022 — The following table summarizes activity related to RSUs for the six months ended June 30, 2022. Restricted Stock Units Number of RSUs Weighted-Average Grant Date Fair Value Unvested at January 1, 2022 553,976 $ 16.55 Granted (1) 382,248 $ 24.59 Vested (46,037) $ 18.47 Forfeited (72,084) $ 16.87 Unvested at June 30, 2022 818,103 $ 20.17 (1) Valued at a weighted-average grant date fair value. The following table summarizes activity related to PSUs for the six months ended June 30, 2022: Performance-Based Restricted Stock Units Target PSUs Grant Date Fair Value Unvested at January 1, 2022 906,643 $ 11.94 Granted 295,846 $ 11.93 Forfeited (58,938) $ 13.41 Unvested at June 30, 2022 1,143,551 $ 11.86
Schedule of Share-Based Compensation Expense	Share-based compensation expense recorded for each type of share-based compensation award for the three and six months ended June 30, 2022 and 2021 is summarized in the table below (in thousands). Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Incentive units (1) $ 178 $ 178 $ 356 $ 356 RSAs (1) 39 163 164 297 RSUs (1) 2,127 2,534 3,553 5,076 PSUs (2) 1,173 1,534 2,147 2,613 STIP awards (3) 67 — 75 — Capitalized share-based compensation (4) (1,625) (1,854) (2,855) (3,487) Total share-based compensation expense $ 1,959 $ 2,555 $ 3,440 $ 4,855 (1) Share-based compensation expense relating to Incentive Units, RSAs and RSUs with ratable vesting is recognized on a straight-line basis over the requisite service period for the entire award. (2) Share-based compensation expense relating to PSUs with cliff-vesting is recognized on a straight-line basis over the performance period for the entire award. (3) Share-based compensation expense relating to STIP awards to be settled in shares of our Class A common stock is recognized on a straight-line basis over the requisite service period for the entire award. (4) During the three and six months ended June 30, 2022, Brigham Minerals capitalized $0.3 million and $0.9 million, respectively, of share-based compensation cost to unevaluated property, $1.2 million and $1.9 million, respectively, of share-based compensation cost to evaluated property and $0.1 million of share-based compensation cost to internally developed software in each period. During the three and six months ended June 30, 2021, Brigham Minerals capitalized $0.6 million and $1.5 million, respectively, of share-based compensation cost to unevaluated property and $1.3 million and $2.0 million, respectively, of share-based compensation cost to evaluated property. Future Share-Based Compensation Expense The following table reflects the future share-based compensation expense expected to be recorded for the share-based compensation awards that were outstanding at June 30, 2022, a portion of which will be capitalized (in thousands): Incentive Units RSUs PSUs STIP Awards Total 2022 $ 178 $ 4,299 $ 2,375 $ 135 $ 6,987 2023 — 5,627 3,877 268 9,772 2024 — 2,749 1,179 57 3,985 2025 — 593 254 — 847 Total $ 178 $ 13,268 $ 7,685 $ 460 $ 21,591

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	Income tax expense was as follows for the periods indicated (in thousands, except for tax rate): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income tax expense $ 12,957 $ 3,430 $ 19,870 $ 6,503 Effective tax rate 20.5 % 18.3 % 18.2 % 19.2 %

Business and Basis of Present_2

Business and Basis of Presentation (Details) - segment	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Sale of stock, ownership percentage	88.60%	79.50%	88.60%	79.50%
Number of operating segments			1

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) customer	Jun. 30, 2021 USD ($) customer	Jun. 30, 2022 USD ($) customer	Jun. 30, 2021 USD ($) customer
Schedule of Equity Method Investments [Line Items]
Credit losses			$ 274	$ 0
Concentration risk, number of customers | customer	160	130	160	130
Top Ten Operators | Revenue Benchmark | Customer Concentration Risk
Schedule of Equity Method Investments [Line Items]
Concentration risk (as a percentage)	73%	67%	73%	67%
General and Administrative Expense
Schedule of Equity Method Investments [Line Items]
Credit losses	$ 100	$ 0	$ 300	$ 0

Summary of Significant Accounts

Summary of Significant Accounts Policies - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Oil and gas sales	$ 73,755	$ 30,485
Reserve for credit losses	(876)	(995)
Other	68	1,049
Total accounts receivable	$ 72,947	$ 30,539

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) - Revenue Benchmark - Customer Concentration Risk	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Pioneer Natural Resources
Concentration Risk [Line Items]
Concentration risk (as a percentage)	13%	6%	14%	5%
Occidental Petroleum Corp
Concentration Risk [Line Items]
Concentration risk (as a percentage)	12%	12%	11%	12%
Exxon Mobil Corp
Concentration Risk [Line Items]
Concentration risk (as a percentage)	9%	14%	10%	15%
Chevron
Concentration Risk [Line Items]
Concentration risk (as a percentage)	9%	3%	10%	3%
Continental Resources Inc.
Concentration Risk [Line Items]
Concentration risk (as a percentage)	6%	10%	6%	10%
ConocoPhillips Company
Concentration Risk [Line Items]
Concentration risk (as a percentage)	6%	12%	6%	12%

Oil and Gas Properties - Narrat

Oil and Gas Properties - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) $ / Boe	Jun. 30, 2021 USD ($) $ / Boe	Jun. 30, 2022 USD ($) $ / Boe	Jun. 30, 2021 USD ($) $ / Boe
Extractive Industries [Abstract]
Capitalized costs	$ 3,000,000	$ 3,000,000	$ 6,100,000	$ 5,700,000
Depletion expense	$ 13,300,000	$ 9,000,000	$ 25,500,000	$ 18,300,000
Average depletion of proved properties (in dollars per Boe) | $ / Boe	11.23	11.03	11.26	11.30
Impairment of oil and gas properties	$ 0	$ 0	$ 0	$ 0

Oil and Gas Properties - Schedu

Oil and Gas Properties - Schedule of Oil and Gas Properties (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Oil and gas properties, at cost, using the full cost method of accounting:
Unevaluated property	$ 307,451	$ 338,613
Evaluated property	744,018	633,138
Total oil and gas properties, at cost	1,051,469	971,751
Less accumulated depreciation, depletion, and amortization	(339,513)	(239,612)
Total oil and gas properties, net	$ 711,956	$ 732,139

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) $ in Thousands			3 Months Ended	6 Months Ended
	Mar. 31, 2022 USD ($) a shares	Dec. 15, 2021 USD ($) a shares	Jun. 30, 2022 USD ($) a shares	Jun. 30, 2022 USD ($) a	Jun. 30, 2021 USD ($)
Asset Acquisition [Line Items]
Closing adjustments in cash from seller			$ 1,800
Acquisition post-closing adjustment			2,800
Proceeds from sale of oil and gas properties, net			$ 67,300	$ 74,370	$ 0
Net royalty acres divested | a			12,550	13,535
DJ Acquisition
Asset Acquisition [Line Items]
Royalty acres | a		8,400
Payments for acquisitions		$ 43,100
Closing adjustments to payments for acquisition		$ 1,700
Shares transferred during acquisition (in shares) | shares		2,200,000	122,069
Class A common stock value		$ 46,300
Acquisition price		$ 89,400
Echo Acquisition
Asset Acquisition [Line Items]
Royalty acres | a	1,800
Payments for acquisitions	$ 14,400
Closing adjustments to payments for acquisition	$ 600
Closing adjustments in cash from seller			$ 600
Shares transferred during acquisition (in shares) | shares	800,000
Unevaluated property	$ 16,800
Evaluated property	17,400
Class A common stock value	20,400
Acquisition price	$ 34,800

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Schedule of Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Extractive Industries [Abstract]
Assets acquired, evaluated	$ 31,568	$ 4,562	$ 8,842	$ 9,073	$ 36,130	$ 17,915
Assets acquired, unevaluated	6,866	4,340	5,594	12,776	11,206	18,370
Cash consideration paid	$ 38,434	$ 8,902	$ 14,436	$ 21,849	$ 47,336	$ 36,285

Revenue From Contracts With C_2

Revenue From Contracts With Customers - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 90,879	$ 37,811	$ 162,307	$ 71,584
Oil sales
Disaggregation of Revenue [Line Items]
Total revenues	66,415	26,729	117,103	49,542
Natural gas sales
Disaggregation of Revenue [Line Items]
Total revenues	13,968	6,704	24,280	12,141
NGL sales
Disaggregation of Revenue [Line Items]
Total revenues	10,020	3,572	19,015	7,498
Mineral and royalty revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 90,403	$ 37,005	$ 160,398	$ 69,181

Long-Term Debt (Details)

Long-Term Debt (Details) $ in Millions			6 Months Ended
	Jun. 03, 2022 USD ($)	Dec. 15, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 02, 2022 USD ($)	Jul. 07, 2021 USD ($)	Jul. 06, 2021 USD ($)
Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.10%
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, borrowing base	$ 290	$ 230	$ 290	$ 230	$ 165	$ 135
Maximum leverage ratio					3
Minimum liquidity ratio					0.10
Line of credit, outstanding borrowings			73
Line of credit, availability for future borrowings			$ 217
Weighted average interest rate (as a percent)			3.14%
Debt instrument, covenant, current ratio, minimum		1
Debt instrument, covenant, total net funded debt to consolidated EBITDA ratio, maximum		3.50
Revolving Credit Facility | Interest period, one month
Debt Instrument [Line Items]
Interest period (in months)		1 month
Revolving Credit Facility | Interest period, three months
Debt Instrument [Line Items]
Interest period (in months)		3 months
Revolving Credit Facility | Interest period, six months
Debt Instrument [Line Items]
Interest period (in months)		6 months
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Interest Rate Floor
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0%
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee, percentage		0.375%
Revolving Credit Facility | Minimum | Adjusted Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.50%
Revolving Credit Facility | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.50%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment fee, percentage		0.50%
Revolving Credit Facility | Maximum | Adjusted Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.50%
Revolving Credit Facility | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		3.50%

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jul. 31, 2019 ft² extension
Leases [Abstract]
Land lease | ft²					29,546
Amount of renewal terms | extension					2
Term of lease					5 years
Discount rate	2%		2%
Rent expense | $	$ 0.3	$ 0.3	$ 0.7	$ 0.6

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use asset	$ 6,178	$ 6,764
Current operating lease liability	1,200	1,178
Non-current operating lease liability	$ 5,138	$ 5,742

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Commitments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases [Abstract]
2022 (remainder of)	$ 652
2023	1,319
2024	1,340
2025	1,360
2026	1,383
Thereafter	582
Total lease payments	6,636
Less imputed interest	(298)
Total lease liabilities	$ 6,338

Equity - Narrative (Details)

Equity - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 vote shares	Dec. 31, 2021 shares
Class of Stock [Line Items]
Treasury stock (in shares)	558,699	436,630
Common Class A
Class of Stock [Line Items]
Common stock outstanding (in shares)	53,579,712	48,359,888
Number of votes per share (vote) | vote	1
Treasury stock (in shares)	600,000
Common Class B
Class of Stock [Line Items]
Common stock outstanding (in shares)	6,866,430	11,371,517
Number of votes per share (vote) | vote	1

Equity - Schedule of Earnings p

Equity - Schedule of Earnings per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Basic net income attributable to Brigham Minerals, Inc. stockholders	$ 42,249	$ 11,188	$ 73,231	$ 19,784
Denominator:
Basic weighted average shares outstanding (in shares)	52,547	43,916	50,505	43,717
Basic EPS attributable to Brigham Minerals, Inc. shareholders (in dollars per share)	$ 0.80	$ 0.25	$ 1.45	$ 0.45
Numerator:
Diluted net income attributable to Brigham Minerals, Inc. stockholders	$ 42,249	$ 11,188	$ 73,231	$ 19,784
Denominator:
Basic weighted average shares outstanding (in shares)	52,547	43,916	50,505	43,717
Effects of dilutive securities:
Unvested Equity Awards (in shares)	1,851	1,365	1,700	1,374
Diluted weighted average shares outstanding (in shares)	54,398	45,281	52,205	45,091
Diluted EPS attributable to Brigham Minerals, Inc. shareholders (in dollars per share)	$ 0.78	$ 0.25	$ 1.40	$ 0.44

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details)		3 Months Ended		6 Months Ended
	Apr. 17, 2019 shares	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022 vote	Jun. 30, 2021
Temporary Equity [Line Items]
Sale of stock, ownership percentage		88.60%	79.50%	88.60%	79.50%
Common Class B
Temporary Equity [Line Items]
Number of votes per share (vote)				1
Common Class A
Temporary Equity [Line Items]
Number of votes per share (vote)				1
Conversion of stock, shares received (in shares) | shares	1
Existing Owners of Brigham Minerals | Common Class B
Temporary Equity [Line Items]
Number of votes per share (vote)				1
Brigham LLC | Existing Owners of Brigham Minerals
Temporary Equity [Line Items]
Sale of stock, ownership percentage				11.40%

Non-controlling Interest - Sche

Non-controlling Interest - Schedule of Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ 141,146	$ 173,245		$ 173,245
Conversion of Class B common stock to Class A common stock	(35,782)	(34,439)
Net income attributable to non-controlling interest	7,931	8,083	$ 4,138	16,014	$ 7,613
Distribution to holders of non-controlling interest declared	(5,506)	(5,743)
Ending balance	$ 107,789	$ 141,146		$ 107,789

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended	12 Months Ended
	Apr. 23, 2019	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			$ 21,591
First anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			6,987
Second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			9,772
Third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			$ 3,985
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted during period, grant date fair value (in dollars per share)	$ 21.25
Shares granted during period (in shares)	312,189
Vested (in shares)	152,742		28,710
RSAs | First anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			33.34%
RSAs | Second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			33.34%
RSAs | Third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			33.34%
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted during period, grant date fair value (in dollars per share)			$ 24.59
Shares granted during period (in shares)			382,248
Vested (in shares)			46,037
Share based compensation expense			$ 13,268
RSUs | First anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			33.34%
Share based compensation expense			$ 4,299
RSUs | Second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			33.34%
Share based compensation expense			$ 5,627
RSUs | Third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			33.34%
Share based compensation expense			$ 2,749
RSUs | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
RSUs | Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			1 year
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted during period, grant date fair value (in dollars per share)			$ 11.93
Period of expense recognition			3 years
Share based compensation expense			$ 7,685
Performance-Based Restricted Stock Units | First anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			2,375
Performance-Based Restricted Stock Units | Second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			3,877
Performance-Based Restricted Stock Units | Third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			$ 1,179
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			0%
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			200%
Target PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted during period (in shares)			295,846
STIP Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			1 year
Share based compensation expense			$ 460
STIP awards accrual		$ 500	1,000
STIP Awards | Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				$ 2,400
STIP Awards | First anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			135
STIP Awards | Second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			268
STIP Awards | Third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense			$ 57
STIP Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			0%
STIP Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage at grant (as a percent)			150%
STIP, common stock settled | Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				$ 500
Long Term Incentive Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		5,999,600	5,999,600
Shares available for future grants (in shares)		4,437,697	4,437,697

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Restricted Stock Unit Activity (Details) - $ / shares		6 Months Ended
	Apr. 23, 2019	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Forfeited (in shares)		(58,938)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Grant-date fair value, Forfeited (in dollars per share)		$ 13.41
RSAs
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (in shares)		30,433
Granted (in shares)	312,189
Vested (in shares)	(152,742)	(28,710)
Forfeited (in shares)		(1,723)
Ending balance (in shares)		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share)		$ 21.25
Grant-date fair value, Granted (in dollars per share)	$ 21.25
Grant-date fair value, Vested (in dollars per share)		21.25
Grant-date fair value, Forfeited (in dollars per share)		$ 21.25
RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (in shares)		553,976
Granted (in shares)		382,248
Vested (in shares)		(46,037)
Forfeited (in shares)		(72,084)
Ending balance (in shares)		818,103
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share)		$ 16.55
Grant-date fair value, Granted (in dollars per share)		24.59
Grant-date fair value, Vested (in dollars per share)		18.47
Grant-date fair value, Forfeited (in dollars per share)		16.87
Ending balance (in dollars per share)		$ 20.17
Target PSUs
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (in shares)		906,643
Granted (in shares)		295,846
Ending balance (in shares)		1,143,551
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share)		$ 11.94
Grant-date fair value, Granted (in dollars per share)		11.93
Ending balance (in dollars per share)		$ 11.86

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Compensation Expense and Future Stock Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Capitalized share-based compensation	$ (1,625)	$ (1,854)	$ (2,855)	$ (3,487)
Total share-based compensation expense	1,959	2,555	3,440	4,855
Future share-based compensation expense			21,591
Software development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Capitalized share-based compensation	100		100
2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			6,987
2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			9,772
2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			3,985
2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			847
Incentive Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	178	178	356	356
Future share-based compensation expense			178
Incentive Units | 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			178
Incentive Units | 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			0
Incentive Units | 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			0
Incentive Units | 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			0
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	39	163	164	297
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2,127	2,534	3,553	5,076
Future share-based compensation expense			13,268
RSUs | 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			4,299
RSUs | 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			5,627
RSUs | 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			2,749
RSUs | 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			593
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	1,173	1,534	2,147	2,613
Future share-based compensation expense			7,685
PSUs | 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			2,375
PSUs | 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			3,877
PSUs | 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			1,179
PSUs | 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			254
STIP Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	67	0	75	0
Future share-based compensation expense			460
STIP Awards | 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			135
STIP Awards | 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			268
STIP Awards | 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			57
STIP Awards | 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future share-based compensation expense			0
Unevaluated Property
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Capitalized share-based compensation	300	600	900	1,500
Evaluated Property
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Capitalized share-based compensation	$ 1,200	$ 1,300	$ 1,900	$ 2,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 12,957	$ 3,430	$ 19,870	$ 6,503
Effective tax rate (as a percent)	20.50%	18.30%	18.20%	19.20%
Sale of stock, ownership percentage	88.60%	79.50%	88.60%	79.50%

Subsequent Events (Details)

Subsequent Events (Details)	Aug. 02, 2022 $ / shares
Common Class A | Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.77