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BlackGold Acquires Mineral Assets in Texas Midland Basin
Thursday 23 January 2020

23 January 2020 – Houston, US-based energy focussed investment firm BlackGold Capital Management LP has acquired a diverse portfolio of mineral and royalty interests in the Texas Midland Basin to further an investment strategy of generating income from assets in the energy sector, the company said.
Financial terms of the transaction were not disclosed.
BlackGold will receive a percentage of revenue from oil and gas production in this growing basin, free of operating expenses and capital expenditures.
Seventy-two percent of the net royalty acres in the portfolio are leased by operators in the top quartile of active horizontal rig counts in the Midland Basin, and 99% of the NRAs are leased by operators in the top half.
Details
Date Published: 23/01/2020
Target: Portfolio of mineral and royalty interests in the Texas Midland Basin
Country: USA
Sector: Petroleum/Natural Gas/Coal
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: BlackGold Capital Management
Comment:
Terms of the deal were not disclosed

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