Resource Royalty LLC, a Dallas-based oil and gas royalty portfolio manager, has announced the closing of its 19th portfolio, Resource Royalty XVIII LLC.
The approximately $9.7 million private placement offering launched in December 2022.
According to Resource Royalty, their latest fund is comprised of a diversified portfolio of income-producing mineral and royalty interests located in Oklahoma. All the portfolio properties, approximately 17, are located in the Anadarko Basin.
Resource Royalty says the acreage has 44 producing wells, seven permitted new wells, 16 new wells filed and room for “substantial growth for years to come.”
“Right from the beginning of the year, demand has been strong for mineral properties,” Beth Good, chief executive officer, said. “I think this is in large part due to people finally accepting the fact that fossil fuels are going to be with us for the foreseeable future, and owning minerals is a great way to add oil and gas to an investment portfolio. We’ve worked hard for the past 12 years to increase awareness of mineral ownership as well as provide access to the accredited investor and we’re seeing that play out now through increased demand.”
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.
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