Resource Royalty LLC, a Dallas-based oil and gas royalty portfolio manager, has announced the closing of its 20th portfolio, Resource Royalty XIX LLC. The private placement offering, launched in March 2023, raised approximately $9.4 million from accredited investors.
Resource Royalty XIX consists of 18 non-contiguous properties, spanning six counties in the Anadarko Basin of Oklahoma. There are 47 producing wells under nine different operators and a total of 21 filings and permits.
According to Resource, the company has raised more than $20 million via its offerings year-to-date. In 2022, Resource Royalty sales reached a record high of $32.9 million as the company completed its 13th year in business.
“Our continued growth is fueled by our success in maintaining excellent relationships with the largest broker-dealers in the 1031 exchange space and continually establishing new ones,” Beth Good, chief executive officer, stated. “We are confident that Resource Royalty will reach $40 million in sales for 2023.”
Founded in 2010, Resource Royalty offers private placements via the independent broker-dealer community and has raised more than $129 million building portfolios comprised of producing oil & gas minerals.