News and Media
Elk Range Royalties Announces First Mineral and Royalty Acquisition in the Appalachian Ford Basin
The Acquisition included roughly 8,000 net royalty acres across 3 states, including West Virginia, Pennsylvania, and Ohio. This marks the first Appalachian Basin deal closed by Elk Range. The Acquisition includes 194 producing gross locations and approximately 0.67 net wells operated by top operators such as EQT, Antero, CNX, Southwestern, and Range. This deal is a continuation of Elk Range Royalties’ efforts to expand its acquisition efforts into high-quality, low-breakeven basins. Elk Range funded the acquisition utilizing equity commitments from funds managed by NGP Energy Capital Management LLC (“NGP”).
Elk Range Royalties Announces Mineral and Royalty Acquisition in the Eagle Ford Basin
Elk Range Royalties (“Elk Range”) is pleased to announce it has acquired certain Eagle Ford Basin mineral and royalty interests (“the Acquired Assets”) from an undisclosed private seller. The Acquired Assets include roughly 1,700 net royalty acres (“NRAs”) across DeWitt, Gonzales, and Karnes counties. This acquisition marks the third Eagle Ford Basin deal closed this year and is the largest single purchase the Elk Range team has made in the basin to date.
Elk Range Royalties Announces Acquisition in the Permian Basin and Launch of Elk Range Royalties II
Elk Range Royalties, LP (“Elk Range”) is pleased to announce it has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement (“PSA”) with Tower Rock Oil & Gas and its affiliates. The PSA covers ~2,300 core net royalty acres (“NRAs”), over 2,600 gross producing horizontal wells and more than 6,000 remaining gross undeveloped locations distributed across the Delaware and Midland Basins. LTM cash flow on the acquired assets was ~$3.7mm and includes top operator exposure to Pioneer, Endeavor and Permian Resources.
Elk Range Royalties Announces Mineral and Royalty Acquisition in the Permian Basin
Elk Range Royalties, LP (“Elk Range”) is pleased to announce it has acquired certain Permian Basin royalty interests (“the Acquired Assets”) from an undisclosed seller. The Acquired Assets include roughly 2,600 core net royalty acres (“NRAs”) evenly split between the Delaware and Midland Basins with most of the interests located in Loving, Reeves, Upton and Midland Counties, Texas and Lea County, New Mexico. There are approximately 250 producing horizontal wells and over 650 remaining undeveloped locations on the Acquired Assets. LTM cash flow on the Acquired Assets was $10.8mm and includes top operator exposure to Devon, Pioneer and Endeavor.