Desert Royalty Company Acquires Legacy Mineral Position From Private Seller
11/17/22, 3:41 PM
Industry
oil and gas
energy
Desert Royalty Company, LLC (“Desert”) today announced it has purchased a material mineral position from a private seller in core areas of Reeves and Loving Counties, Texas (the “Acquisition”). The undisclosed consideration was primarily equity in Desert’s current mineral fund, Desert Partners VII, LP (“DP7”), in addition to some cash.
Company Info
Company info
Desert has been exclusively investing in minerals for over 30 years. In 2001, Desert began raising funds for long-term investment into minerals. Desert’s investors consist of friends and individuals primarily in the oil and gas industry. Desert has deployed capital through seven funds and continues to own over 90% of the minerals acquired in the last 22 years.
DP7 began acquiring interests in November 2020 and holds over 11,000 NRAs in the Permian, 800 NRAs in the Eagleford, along with exposure to the Haynesville and Bakken.
The combined ownership of Desert’s funds includes over 150,000 NRAs across 14 states, with an emphasis on the Permian Basin where they collectively own over 43,000 NRAs.