BlackGold Buys Midland Mineral Interests

摘要

BLACKGOLD CAPITAL Management LP acquired a diverse portfolio of mineral and royalty interests in the Midland Basin in West Texas, the Houston-based firm said Jan. 22. The company said it is continuing what it described as an "opportunistic approach to income-generating investments." Founded in 2006, BlackGold is a private investment firm focusing on asset-heavy, cash-flowing investments in the energy industry-a strategy which co-founder Adam Flikerski said the firm's recent acquisition exemplifies. BlackGold said 72% of the net royalty acres in the acquired portfolio are leased by operators in the top quartile of active horizontal rig counts in the Midland Basin. Further, the firm added that 99% of the acquired net royalty acreage is leased by operators in the top half. The seller of the assets was not disclosed.