Lower 48 minerals and royalty rights producers Desert Peak Minerals and Falcon Minerals Corp. have agreed to combine in an all-stock transaction with holdings concentrated in the Permian Basin and targets in the Austin Chalk, Eagle Ford and Marcellus shales. The merger, with an enterprise value of $1.9 billion, estimates combined production by mid-year would…
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New Permian Player Desert Peak Combining Oil, Gas Royalty Assets
Kimmeridge Energy Management Co. LLC and Desert Royalty Co. LLC are combining their estimable oil and natural gas royalty assets in the Permian Basin to form Desert Peak Minerals, which would become one of the largest pure plays of its kind.
July 24, 2019