Nexus Energy Partners Acquires Anadarko Basin NonOp Interests From Ovintiv & Citation

Jun 26, 2025

Nexus Energy Partners has executed two strategic non-operated acquisitions in Oklahoma’s Anadarko Basin, boosting company reserves by approximately 12%. The first deal includes a 12.5% working interest in the Bearden Unit, a four-well Continental-operated project in Grady County, with drilling expected to begin in June 2025. The second acquisition adds a 6% WI in the Hufnagel Unit, a six-well development operated by Coterra in Canadian County, where drilling began in March 2025. Combined, the two deals represent $11.8 million in net CAPEX and expand Nexus' position as a leading non-op player in the MidCon.

Atlas Energy Corp Begins Trading on the TSX Under New Ticker ATLE

Jun 24, 2025

Atlas Energy Corp is set to begin trading under its own name and ticker, ATLE, marking a major milestone for the international oil and gas financing firm. The company aims to redefine capital partnerships through non-dilutive, royalty- and stream-based structures that prioritize alignment and long-term value creation. ATLE will debut on the TSX main board Monday before moving to the TSX Venture Exchange under the sandbox listing framework on Tuesday.

Peregrine Acquires Royalties in 1,100+ PDP Wells Across 5 States

Jun 22, 2025

Peregrine Energy Partners, a private buyer of mineral and royalty interests, completed strategic acquisitions across six states—including Texas, New Mexico, Ohio, Colorado, California, and West Virginia—adding over 400 net mineral acres in the Delaware Basin and interests in more than 1,100 producing wells. This diversified package strengthens Peregrine’s PDP-focused asset base and expands its footprint across key U.S. basins.

WhiteHawk Completes Acquisition of PHX Minerals

Jun 22, 2025

On June 23, 2025, WhiteHawk Income Corporation, along with its subsidiary WhiteHawk Energy, LLC, officially completed its $4.35-per-share cash acquisition of PHX Minerals Inc. The tender offer, initiated on May 8, garnered approximately 73.8% shareholder participation, far exceeding the threshold needed to close the deal. PHX is now a wholly owned subsidiary of WhiteHawk, with its shares ceased trading and slated for delisting from the NYSE. The transaction expands WhiteHawk’s natural gas minerals and royalties footprint in key plays including the Haynesville, Marcellus, and SCOOP/STACK.

Providence Energy Acquires 3,254 NRAs & 1,000+ PDPs in the Permian

Jun 22, 2025

Providence Energy Ltd. congratulated its Sierra Energy Holdings team for completing a significant minerals acquisition in the Permian Basin. The deal includes 3,254 net royalty acres (NRA) and interests in over 1,000 producing wells, marking a notable expansion of Providence’s mineral footprint. Kudos to the Sierra minerals team for this strategic win.

WhiteHawk Completes Tender Offer to Acquire PHX Minerals

Jun 20, 2025

On June 23, 2025, WhiteHawk Income Corporation, through its affiliate WhiteHawk Energy, LLC, finalized its acquisition of PHX Minerals Inc. (NYSE: PHX) via a merger following a successful $4.35-per-share tender offer. Approximately 73.8% of PHX’s outstanding shares were tendered, triggering a short-form merger. PHX's shares ceased trading and will be delisted. PHX is now a wholly owned subsidiary of WhiteHawk.

NOG Closes Upsized Reopening of its 3.625% Convertible Unsecured Senior Notes Due 2029

Jun 16, 2025

On June 17, 2025, Northern Oil and Gas, Inc. (NOG) closed an upsized reopening of its 3.625% convertible senior notes due April 2029, issuing $200 million in additional notes at a 5.597% premium to par and raising approximately $211.2 million in gross proceeds. The company simultaneously executed a $35 million accelerated share repurchase, acquiring about 1.1 million shares at $31.15 each, and entered into capped call hedges that increased the effective conversion price to $50.8709. After repurchases, hedges, and fees, liquidity rose by over $152 million, and annual interest‑and‑dividend expense is expected to decline by $5 million. Strategic positioning includes strengthened flexibility for countercyclical investment in volatile markets.

Texas Royalty & Mineral Company Closes on 8,000 NRA Multi State Deal

Jun 15, 2025

In one of its most significant transactions to date, The Texas Royalty & Mineral Company closed a major mineral and royalty acquisition that expanded from an initial 2,500 net royalty acre (NRA) opportunity to more than 8,000 NRA across eight states. Though production was concentrated on just 1,500 acres, the team preserved the value of the producing assets while boosting capital efficiency by strategically divesting ~5,000 non-producing acres. This creative structure allowed the firm to retain PDP cash flow and long-term upside while managing exposure and capital outlay.

NOG Prices Upsized $175.0 Million Reopening of 3.625% Convertible Senior Notes Due 2029

Jun 11, 2025

On June 12, 2025, Northern Oil & Gas, Inc. (NOG) priced an upsized reopening of its 3.625% convertible senior notes due April 2029, issuing $175 million in additional notes at a premium issue price of 105.597%. Gross proceeds are expected to total ~$178.4 million—with an option to raise up to ~$204 million if over-allotment is exercised. Funds will support a $35 million share repurchase, launch of capped-call hedges to reduce dilution until the stock reaches ~$50.87, and repayment of revolving credit debt. The notes mature in April 2029 and carry a conversion price of approximately $37.06 per share, representing a 19% premium over NOG’s June 12 closing share price.

NOG Announces Proposed Reopening of 3.625% Convertible Senior Notes Due 2029

Jun 11, 2025

On June 12, 2025, Northern Oil and Gas, Inc. (NOG) announced plans to reopen its existing 3.625% convertible senior notes due April 15, 2029, raising up to $150 million, with an optional over‑allotment of $22.5 million. The offering is part of an ongoing private placement to qualified institutional buyers. Proceeds will fund a capped call hedge, a share repurchase program, and debt reduction, enhancing NOG’s strategic flexibility and liquidity.

Montego Minerals Opens 26th 1031 Portfolio for $18MM Called Coyote Plains Properties

Jun 8, 2025

On June 9, 2025, Montego Minerals launched its 26th minerals portfolio, Coyote Plains Properties, LLC, securing $18 million in all-cash commitments. This latest offering comprises ~29,262 gross acres across 16 Texas counties, with 235 producing wells, 56 DUCs, 24 active permits, and room for more than 124 future wells—all situated in the Permian Basin and operated by major players like Diamondback, Exxon, and EOG.

Viper Energy to Acquire Sitio Royalties in $4.1 B All-Equity Deal, Boosts Dividend by 10%

Jun 2, 2025

On June 3, 2025, Viper Energy, Inc.—a mineral-and-royalty subsidiary of Diamondback Energy—announced the acquisition of Sitio Royalties Corp. in an all‑equity deal valued at approximately $4.1 billion, including roughly $1.1 billion of Sitio’s net debt. The deal adds ~34,300 net royalty acres—about 25,300 in the Permian Basin and ~9,000 across the Denver‑Julesburg, Eagle Ford, and Williston basins—with ~50% overlap in Permian acreage. The merger boosts Viper’s footprint and liquidity, expands its scale behind Texas Pacific Land, and immediately delivers higher cash returns and synergy potential. Viper also announced a 10% increase to its base dividend, positioning itself as a dominant public minerals company.

Supreme Court Rules in Favor of Building the Uinta Basin Railway, Potentially Quintupling Oil Production from the Region

May 28, 2025

On May 29, 2025, the U.S. Supreme Court ruled unanimously (8–0) in Seven County Infrastructure Coalition v. Eagle County that federal agencies, such as the Surface Transportation Board (STB), are not required under NEPA to assess indirect upstream (drilling) or downstream (refining) impacts when approving infrastructure like Utah’s 88-mile Uinta Basin Railway. The decision reverses a 2023 D.C. Circuit ruling and could significantly streamline future infrastructure approvals—though additional regulatory permissions and funding remain necessary.

Montego Minerals Closes 24th 1031 Minerals Fund for $18.5 Million

May 28, 2025

Montego Minerals has closed its 24th 1031 Minerals Offering, dubbed White Rock Minerals, LLC, achieving full subscription on an $18.5 million all‑cash fund focused in the Permian Basin. The portfolio spans ~150,683 gross acres across 13 Texas and 2 Wyoming counties, includes 527 producing wells, 55 drilled-but-uncompleted wells (DUCs), 28 active permits, and 359 potential future well sites, all operated by firms like Diamondback, Exxon, EOG, ConocoPhillips, and Double Eagle.

North Hudson Closes 5th NonOp Fund for $344 Million

May 19, 2025

Houston-based energy investment firm North Hudson Resource Partners has finalized the first closing of Production Partners V LP, its fifth non‑operated oil and gas fund, achieving its hard cap of $344 million in equity commitments (including the general partner's stake) as of May 20, 2025. This milestone brings North Hudson’s assets under management to $1.4 billion. The Fund is poised to pursue a wide array of non‑operated opportunities across the U.S. and Canada—from mid‑sized deals in drilling partnerships and mineral or PDP acquisitions to potential larger-scale transactions—leveraging its partnership with Fortuna Operating. Over the past five years, North Hudson has deployed over $1.3 billion into assets via collaborations with more than 30 different operators.

MAP Energy Recapitalizes $1.4 Billion Legacy Minerals Fund

May 19, 2025

In a landmark deal for the energy sector, MAP Energy, LLC has successfully recapitalized its MAP Heritage Fund, LP, a massive portfolio with ~1 million net royalty acres across top U.S. basins. With a legacy stretching back to 1987 and over $1.4 billion deployed, MAP’s new 15-year fund structure ensures long-term growth and liquidity for investors. The transaction—one of the largest GP-led continuation fund deals in energy history—was expertly advised by Stephens Inc., led by Brad Nelson, Keith Behrens, and Mickey McFarlin.

Resource Royalty Announces Change in Majority Ownership

May 14, 2025

In a pivotal transition, Dallas-based energy investment firm Resource Royalty, LLC has announced a change in majority ownership. Co-founder Bob Howard has sold his stake to entrepreneurial duo Nick Berry and Cameron Rock of Oklahoma City. While Beth Good continues to lead as CEO, the company gains new momentum through Berry and Rock’s diverse background in real estate, energy, and insurance innovation. The acquisition also welcomes seasoned landman Logan Rainey to bolster the team’s reach and capabilities across the U.S. oil and gas landscape. Together, this new leadership marks a strategic evolution for Resource Royalty's future in mineral acquisitions and investor offerings.

Black Stone Minerals Expands Shelby Trough Activity with New Revenant Deal and Aethon Amendments

May 18, 2025

On May 19, 2025, Black Stone Minerals, L.P. (NYSE: BSM) announced a new development agreement with Revenant Energy covering approximately 270,000 gross acres (95,000 net undeveloped acres) in the Shelby Trough of the Haynesville/Bossier Shales. Revenant will drill increasing volumes—beginning with six wells in 2026 and ramping to 25 annual wells—while BSM also amended its agreements with Aethon Energy, reclaiming over 50,000 gross acres for future development. Both actions are designed to enhance well activity and extend resource monetization.

Five Point Commits $1B to PowerBridge for Data Center Development in Permian Basin

May 14, 2025

Five Point Infrastructure has committed up to $1 billion in equity to launch PowerBridge LLC, a new data‑center site developer focused on creating gigawatt‑scale data center campuses across North America. PowerBridge will leverage Five Point affiliates—including LandBridge, with access to over 275,000 Permian Basin acres, and WaterBridge, a major produced‑water handler—to deliver turnkey solutions integrating land, power, fiber, and cooling infrastructure.

North Hudson Partners with TXO Partners to Acquire Elm Coulee Assets from White Rock for $475 Million

May 12, 2025

On May 13, 2025, TXO Partners, L.P. (NYSE: TXO) announced a definitive agreement to acquire producing oil and gas assets in the Elm Coulee field of the Williston Basin from White Rock Energy, LLC for $350 million in cash, with an additional $70 million deferred payment due in one year. North Hudson Resource Partners will co-invest for a 30% non‑operated interest, bringing total consideration to $475 million effective May 1, 2025.

Atlas Energy Corp goes public on the TSX forming an intl Royalty & Streaming Company

May 6, 2025

On May 7, 2025, Willow Biosciences Inc. announced a $30 million private recapitalization, the appointment of a new executive team and board, and a rebranding to Atlas Energy Corp.. The move, led by industry veterans from Spartan Delta and supported by key investors, positions the company as a royalty and streaming-focused energy platform with strong leadership and international growth ambitions.

IOG Resources Closes 3rd NonOp Fund, Targeting $50–$200 MM NonOp Transactions

May 5, 2025

On May 6, 2025, IOG Resources and private equity sponsor First Reserve launched IOG Resources III Holdings, LLC, their third dedicated vehicle targeting non‑operated working interest acquisitions and structured joint ventures across North American onshore basins. With a targeted investment range of $50–200 million per deal, IOGR III follows predecessor funds and joins IOGR I and II, bringing the platform’s net production capacity over 20 Mboe/day.

Rising Phoenix Acquires Ector & Midland County Minerals under ConocoPhillips

May 1, 2025

Rising Phoenix Capital announced a strategic acquisition of mineral interests from ConocoPhillips in Ector and Midland counties, marking its fourth Midland Basin purchase in 2025. Executed via its Maroon Bells Fund, the deal includes both producing wells and near-term permitted drilling locations—offering investors stable monthly cash flow with future development upside.

Viper Energy, Inc. Announces Closing of Drop Down Transaction

Apr 30, 2025

On May 1, 2025, Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, finalized its previously announced drop-down acquisition of certain mineral and royalty interest-owning subsidiaries from Diamondback. The deal involved $1.0 billion in cash and the issuance of over 69.6 million units and Class B shares, expanding Viper’s footprint across approximately 22,850 net royalty acres in the Permian Basin.

Riverbend Announces Delaware Basin NonOp Acquisition, Marking 18 Transactions in 22 Months

Apr 28, 2025

Tim Pawul, President of Minerals & Royalties Authority LLC, congratulated Riverbend Energy Group on closing a substantial non‑operated acquisition in the Delaware Basin, executed from Fund XI. In the past 22 months, Riverbend has completed more than 18 transactions across the Permian and Williston Basins, cumulatively securing nearly 10,000 net acres of high-quality mineral and royalty interests.

Crescent Energy Completes $83MM Sale of NonOp Permian Assets to Private Buyer

Apr 21, 2025

Crescent Energy has successfully completed the sale of non-operated assets in the Permian Basin for $110 million. The deal is accretive to the company, streamlining its portfolio and reinforcing its strategy to focus on operated assets with greater control and return potential.

Nexus Energy Partners Closes $16MM Equity Round

Apr 21, 2025

On April 21, 2025, Nexus Energy Partners announced the successful closing of an equity raise, bringing in $16.025 million, surpassing its original $10 million target. The round was funded 60% by existing investors and 40% by new capital partners, signaling strong confidence in Nexus’s strategy and performance in the Mid‑Continent region.

Hatch Resources Secures $80MM Senior Credit Facility from Texas Capital

Apr 21, 2025

In April 2025, Texas Capital successfully closed an $80 million Senior Secured Credit Facility for Hatch Resources, LLC, an Austin-based mineral and royalty acquisition company. Acting as Left Lead Arranger and Administrative Agent, Texas Capital reaffirmed its strong relationship with Hatch, supporting the firm’s continued expansion in the energy sector.

Texas Capital Provides $55M Credit Facility to Elk Range for DJ Basin Acquisition

Apr 21, 2025

In March 2025, Texas Capital announced the successful closing of a $55 million Senior Secured Credit Facility for Elk Range Royalties II, LP, a Dallas-based firm specializing in mineral and royalty acquisitions. The financing supports Elk Range’s growing footprint in Colorado’s DJ Basin, strengthening their role as a leading aggregator in the sector.

Resource Royalty Launches 24th Mineral and Royalty 1031 Offering

Apr 17, 2025

On April 18, 2025, Resource Royalty LLC, headquartered in Dallas, unveiled its 24th offering—Resource Royalty 24 LLC—a $6.7 million investment portfolio focused on direct-title mineral and royalty properties in Oklahoma’s Anadarko Basin and West Texas’s Midland Basin.

U.S. Energy Development Expands Permian Position with $390MM NonOp Transaction

Apr 14, 2025

On April 15, 2025, Fort Worth-based U.S. Energy Development Corporation (USEDC) completed its largest-ever acquisition, purchasing approximately 20,000 net acres in Reeves and Ward counties, Texas, for $390 million. The deal includes a significant mix of proved producing assets and multi-year drilling inventory, strengthening USEDC’s presence in the Permian Basin. At the same time, the company upsized its revolving credit facility—led by Citibank—from $165 million to $300 million, unlocking greater funding flexibility to support ongoing expansion.

Andros Capital Partners Raises $1 Billion for Third Energy Fund

Apr 6, 2025

On April 7, 2025, Houston-based Andros Capital Partners LLC announced the final closing of Andros Energy Capital III LP (“Fund III”) at its $1 billion hard cap. This flagship energy-focused fund will pursue private equity, credit, and direct asset-level investments across the energy value chain, embracing a highly flexible mandate to capture opportunities in oil and natural gas assets.

Montego Minerals Launches $75 Million Permian Basin Offering

Apr 2, 2025

On April 3, 2025, Montego Minerals launched Montego Capital Fund 4, LP, its fourth income & growth offering and 25th portfolio overall, targeting $75 million for acquisitions of mineral assets in the Permian Basin. The fund offers investors exposure to oil and gas royalties without drilling or operational risk, while leveraging Montego’s proven performance across prior offerings.

Double Eagle Energy Holdings V and Tumbleweed Royalty V Get $2.5B Equity Commitment

Apr 1, 2025

On April 2, 2025, Double Eagle Energy and Tumbleweed Royalty—in partnership with EnCap Investments L.P.—announced the launch of two new entities: Double Eagle Energy Holdings V and Tumbleweed Royalty V, backed by $2.5 billion of equity commitments. Double Eagle V will target oil and gas property investments within the Permian Basin, while Tumbleweed V will focus on royalty and mineral acquisitions across multiple U.S. basins, with particular emphasis on the Permian.

Trumbull Energy Partners II Goes Out to Market to Raise $5mm Minerals Fund

Mar 30, 2025

Eric Unverzagt announced the launch of Trumbull Energy Partners Fund II, a new fundraising round targeting $5 million with an initial close planned within 30 days. The fund will focus on acquiring high-quality, opportunistic mineral and royalty rights, building on the success of Fund I. With a solid strategy, low acquisition and management costs, and a long-term hold approach, the team is poised to deploy capital efficiently and capitalize on a strong pipeline of opportunities.

WhiteHawk Energy Makes $118mm Minerals Acquisition in Appalachia

Mar 30, 2025

On March 31, 2025, WhiteHawk Energy, LLC closed a $118 million acquisition that doubled its ownership interest in 475,000 gross unit acres of natural gas mineral and royalty assets in Pennsylvania’s Marcellus Shale, effective January 1, 2025. The acquisition adds cash flow from over 1,400 wells, with assets operated primarily by EQT, Range Resources, and CNX Resources.

Elk Range Royalties Makes $905mm DJ Basin Acquisition & Launches Elk Range Royalties III

Mar 20, 2025

On March 21, 2025, Elk Range Royalties, based in Dallas, closed a $905 million acquisition of approximately 250,000 net royalty acres in Colorado’s DJ Basin from affiliates of Occidental Petroleum (OXY). The deal significantly expands Elk Range’s footprint in the basin with assets under development by industry leaders like Chevron and Civitas, offering a mix of current production, drilled but uncompleted wells, and undeveloped upside potential. Simultaneously, the company formally launched its newest fund, Elk Range Royalties III, in partnership with NGP Energy Capital—continuing its disciplined strategy after deploying over $1.2 billion in capital since 2020.

Mesa Minerals Partners Secures New Equity Commitment from NGP Royalty Partners III

Mar 19, 2025

On March 20, 2025, Mesa Minerals Partners, LLC (“Mesa”) announced that it has secured a new equity commitment from NGP Royalty Partners III, L.P., establishing Mesa Royalties IV Holdings, LLC (“Mesa IV”) to support continued mineral and royalty acquisitions in the Permian Basin and Haynesville Shale.
Mesa CEO Darin Zanovich expressed enthusiasm for deepening the firm’s multi-basin strategy and extending its successful partnership with NGP into new regions, while Patrick McWilliams of NGP praised Mesa’s strong sourcing capabilities and collaborative deal approach.
Based in Houston, Mesa holds over 22,000 net royalty acres across those basins and interests in more than 2,700 producing wells. The transaction was officially handled by Weil, Gotshal & Manges LLP.

NOG Board Approves $100 Million Increase in Share Repurchase Program

Mar 10, 2025

On March 11, 2025, Northern Oil and Gas, Inc. (NYSE: NOG) announced that its Board of Directors approved a $100 million increase to its existing share repurchase program, boosting what had been a $100 million remaining authorization from its July 2024 program. In the current quarter, NOG had already repurchased about 334,982 shares worth roughly $10 million at an average cost of $29.86 per share, including commissions.
The company cited this move as a reflection of confidence in its business strategy and long-term prospects and a reaffirmation of its commitment to returning capital to shareholders, particularly in the face of increased market volatility. CFO Chad Allen emphasized that share repurchases would be balanced carefully with maintaining a strong leverage profile and disciplined hedging strategy while preserving flexibility for growth and debt reduction

Wild Basin Energy Secures Equity Backing from Pearl Energy Investments

Mar 9, 2025

Wild Basin Energy, a mineral and royalty-focused investment firm, announced on March 10, 2025 that it secured an initial equity commitment of $60 million from Pearl Energy Investments to fuel expansion in the Haynesville Basin. With additional strategic minority funding, the total new equity raised now reaches $75 million, supporting continued acquisition of gas-focused mineral assets in Louisiana and Texas.

Red Stag Resources Launches Conventional Oil & Gas NonOp Fund

Mar 8, 2025

Red Stag Resources has formally launched its firm as a non‑operated oil and gas investment fund focused on acquiring conventional producing properties. The post invites interested individuals—including accredited investors—to connect with co-founders Richard Ball or Matt Dangel, P.E., and learn more via their website.

Vitesse Energy Announces Completion of Lucero Acquisition

Mar 6, 2025

On March 7, 2025, Vitesse Energy (NYSE: VTS) completed its previously announced all-stock acquisition of Lucero Energy Corp., converting Lucero shareholders at a ratio of 0.01239 VTS shares per Lucero share. Lucero becomes a wholly owned subsidiary, and Vitesse has expanded its board to nine directors with two new appointments. The acquisition is expected to strengthen Vitesse’s dividend, provide enhanced liquidity, and enable further accretive growth.

Trump Proposing Increase of 100% CAPEX Write-Offs for Oil & Gas Producers

Mar 2, 2025

U.S. President Donald Trump has pledged to work with Congressional Republicans on sweeping tax relief for oil and gas producers—including the ability to fully expense capital expenditures. While no legislation has yet been finalized, Trump asserts these cuts will be part of the largest tax reduction in American history, aimed at stimulating domestic energy production and lowering consumer costs. The announcement echoes his ongoing agenda to revive fossil fuel sectors and rollback regulations.

IOG Resources II Announces Utica Acquisition

Feb 25, 2025

On February 26, 2025, IOG Resources II, LLC—a First Reserve‑backed energy investment platform—acquired non‑operated working interests in the Utica Shale of Eastern Ohio. The transaction includes approximately 175 developed wellbores and 4,500 net acres, with current net production of ~26 MMcf/d under operators like Antero, EOG, EQT, Gulfport, Encino, and Expand. This marks the fifth acquisition by IOGR II and the seventeenth for the broader IOG platform.

Core Energy Ventures Launches Core Financing: 1-90 Day Warehousing Capital for Minerals & NonOp Deals

Feb 20, 2025

Cas Atchison, CPL, unveiled Core Financing, a new division of Core Energy Ventures designed to provide short‑term, asset‑backed financing exclusively for the $700 billion minerals, royalties, and non‑operated working interest market. The firm targets underwriting deals of $0.5–$10 million, offering entrepreneurs and investors capital deployment within 7–10 days—filling a notable gap in the oil and gas financing space.

Phoenix Energy Acquires Over $10 Million in Premier North Dakota Oil and Gas Leases

Feb 19, 2025

On February 20, 2025, Phoenix Energy One, LLC announced it secured more than $10 million in oil and gas leases at North Dakota’s February 2025 state lease auction—becoming the largest single investor in the $13.6 million sale. The acquisitions include high-potential producing and undeveloped acreage, reinforcing the company's deepening footprint in the Williston Basin.

Occidental Divests Upstream Assets for $1.2 billion Including Non-Operated/Minerals Assets in the Rockies

Feb 19, 2025

On February 18, 2025, Occidental Petroleum (NYSE: OXY) confirmed it has reached its near‑term debt repayment milestone by reducing its debt by $4.5 billion. The company also signed two agreements to divest upstream assets—comprising non‑operated Rockies holdings and non-core Permian Basin interests—for a total of approximately $1.2 billion. Proceeds from these divestitures will be used to pay down remaining 2025 debt maturities.

Diamondback Acquires Double Eagle Permian Assets for ~$4.1 Billion

Feb 17, 2025

Double Eagle IV Midco LLC has signed a definitive purchase agreement to sell key Midland Basin subsidiaries to Diamondback Energy (NASDAQ: FANG), securing $3 billion in cash and approximately 6.9 million Diamondback shares. The deal is expected to close around April 1, 2025, subject to regulatory approvals. Senior leadership highlighted the importance of continuity in stewardship as the asset transitions to Diamondback’s Midland-based operational team.

Montego Minerals Fully Subscribes $17M Redwood Minerals LLC, Their 23rd 1031 Offering

Feb 17, 2025

Montego Minerals has fully subscribed its 23rd investment portfolio, Redwood Minerals, LLC, raising $17 million in an all-cash subscription. The portfolio offers exposure to royalty assets across nearly 49,000 gross acres in the Permian Basin, including 398 producing wells and substantial drilling upside across 13 Texas counties. Notable operators include Diamondback, Exxon, EOG, ConocoPhillips, Surge, Double Eagle, and Aethon.

Minerals Guy Launches "How To Become a Landman" Video Course for Buying Minerals

Feb 13, 2025

Over the past year, Steven Hatcher has received dozens of inquiries from individuals eager to enter the oil and gas mineral rights sector. In response, he launched Learn Minerals, a comprehensive online course and community designed to teach people—from complete beginners to industry professionals—step-by-step methods to identify, underwrite, and close mineral deals.

LampLight Minerals Club II Set to Close in Upcoming Weeks

Feb 13, 2025

Drew C. Deaton, Managing Partner at LampLight Minerals, announced via LinkedIn that LampLight Minerals Club II is closing in the coming weeks. Like its predecessor, this private Buyer’s Club enables individuals, family offices, and working oil & gas professionals to directly acquire oil and gas minerals and royalties—without fund structures or ongoing management fees.

NOG Closes 14 Leasehold & Ground Game Transactions (~$27MM Total) During Q4 2024

Feb 11, 2025

On February 12, 2025, Northern Oil and Gas, Inc. (NYSE: NOG) reported Q4 2024 production of approximately 131,000–132,000 Boe/day, aligning with the high end of its guidance. The company unveiled a 2025 capital plan of $1.05–$1.20 billion targeting 130,000–135,000 Boe/day, with over two-thirds allocated to the Permian Basin. NOG also signed a $40 million bolt-on acquisition in the Midland Basin covering roughly 2,275 net acres, expected to close within 60 days.

NOG Acquires 2,275 Net Acres in Upton County for $40MM

Feb 11, 2025

On February 12, 2025, Northern Oil and Gas, Inc. (NYSE: NOG) reported Q4 2024 production of approximately 131,000–132,000 Boe/d, reaching the upper end of its annual guidance range. The company outlined an initial 2025 capital budget of $1.05–$1.20 billion and projected 130,000–135,000 Boe/d production for the year, with more than two-thirds of spending planned in the Permian Basin. NOG also signed a $40 million bolt-on acquisition agreement in the Midland Basin, expected to close within 60 days.

Rising Phoenix Capital Launches Their 9th Minerals Fund, "La Plata Peak Income Fund" for $20MM

Feb 5, 2025

Rising Phoenix Capital has launched its ninth mineral fund, the La Plata Peak Income Fund, a $20 million initiative unveiled at the 2025 NAPE Summit in Houston. The fund targets cash‑flowing oil & gas royalty assets across premier basins like the Permian, aiming to deliver consistent monthly income to accredited investors.

U.S. Energy Development Corporation to Deploy Up to $1 Billion in the Permian Basin During 2025

Feb 2, 2025

On February 3, 2025, U.S. Energy Development Corporation (USEDC) announced plans to deploy up to $1 billion across U.S. operated and non‑operated oil and gas projects in 2025, with the majority of capital allocated to the Permian Basin. This follows a record 2024 when USEDC invested nearly $800 million, completing 29 transactions across more than 2,200 evaluated opportunities. The company emphasized its disciplined, opportunistic capital deployment amid industry consolidation and volatility.

Topaz Energy Expands Portfolio with Strategic Montney Acquisition

Feb 2, 2025

On February 3, 2025, Topaz Energy Corp. (TSX: TPZ) announced the acquisition of a royalty interest over approximately 100,000 gross acres (with over 60% undeveloped acreage) and a 35% non-operated working interest in a 40 MMcf/d natural gas processing facility in the Alberta Montney. The combined acquisition was completed for C$43 million in cash, expected to generate about C$5 million of annual revenue before additional royalty upside.

NOG Repurchases 693,658 shares of Common Stock in Q4 2024

Jan 27, 2025

On January 28, 2025, Northern Oil and Gas, Inc. (NYSE: NOG) declared a $0.45 per-share quarterly cash dividend for Q1 2025, marking a 12.5% year-over-year increase and a 7% rise from the prior quarter. The dividend is payable on April 30, 2025, to shareholders of record as of March 28, 2025. In Q4 2024, NOG repurchased 693,658 shares at an average price of $36.28, bringing total 2024 shareholder returns via dividends and buybacks to nearly $260 million.

Kimbell Royalty Partners Closes $230 Million Acquisition of Midland Basin Mineral and Royalty Interests in Cash Transaction

Jan 16, 2025

On January 17, 2025, Kimbell Royalty Partners, LP (NYSE: KRP) closed a $230 million all‑cash acquisition of mineral and royalty interests in the Midland Basin (under the Mabee Ranch), with funding via a public offering of common units and borrowings under its revolving credit facility. As of October 1, 2024, the acquired assets produced approximately 1,842 Boe/d (including 1,125 Bbl/d oil and 410 Bbl/d NGLs), with full-year 2025 expected production at the same rate. Kimbell began accounting recognition for the assets on the closing date, and is entitled to all cash flow from the assets starting October 1, 2024.

Kimbell Royalty Partners Announces $231 Million Midland Basin Acquisition

Jan 6, 2025

Kimbell Royalty Partners (NYSE: KRP) agreed to acquire mineral and royalty interests in the Midland Basin—under the Mabee Ranch—for approximately $231 million in a cash-and-unit deal. The assets include roughly 875 producing wells spanning 68,000 gross acres operated by major companies like ConocoPhillips, Diamondback and ExxonMobil. This acquisition, effective October 1, 2024 and closing in Q1 2025, is expected to add about 1,842 Boe/d in 2025 (60% oil), boost production by 8% and reduce cash G&A per Boe by ~7%, generating an estimated $30.9 million in cash flow

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Feb 28, 2023

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Elk Range Royalties Expands Portfolio with Strategic Acquisition of Permian and Eagle Ford Mineral Assets

Jan 28, 2025

Elk Range Royalties bolsters its portfolio with a major acquisition of mineral assets in the Permian and Eagle Ford basins, enhancing its exposure to high-growth U.S. energy markets.