NexPoint Launches $18.8M Energy DST Holding Haynesville, Permian Royalties
NexPoint has launched NexPoint Energy DST, an $18.8 million Delaware statutory trust that holds oil and natural gas mineral rights in the Haynesville Shale and the Permian Basin. It is the Dallas-based alternative investment firm’s first energy DST.
The offering comes a little more than three months after NexPoint formed NexEnergy, an oil and gas investment division. NexPoint named Luke Blackwell president of the division, which focuses on mineral and royalty interests.
The company said the portfolio includes approximately 1,277 net royalty acres, with interests in more than 200 producing oil and natural gas wells and more than 300 undrilled locations. About 90% of the portfolio is tied to natural gas production in the Haynesville Shale, and the remaining 10% to oil from the Permian Basin.
The offering has a $100,000 minimum investment. It is open only to accredited investors, and the DST structure allows investors to use it for 1031 exchanges. Interests are offered through NexPoint Securities, an affiliate of NexPoint.
NexPoint said it acquired the mineral interests from a third party. “The purchase of this asset was driven by a combination of factors, including current production, undrilled inventory locations, and operator quality,” a NexPoint spokesperson said. “Third-party engineering of current production and undrilled inventory locations in addition to market comps for similar acreage were relied upon to value the portfolio.”
The trust owns the mineral rights and receives royalty income from the sale of oil and natural gas produced on the properties. Third-party operators handle drilling, field operations, production, and marketing. Investors carry no direct responsibility for drilling costs or day-to-day operations.
“For years, NexPoint has used the DST structure to give investors access to specialized sectors they could not easily reach on their own, and mineral rights are a natural next step,” Blackwell said.
NexPoint said it has brought 36 DST programs to market since 2016, totaling more than $3.2 billion in gross real estate, including programs from affiliates. Those programs have covered self-storage, small-bay industrial, life sciences, multifamily, hospitality, and marinas. Recent examples include its first marina DST, a $42.7 million two-property offering that was fully subscribed in July, and its first hospitality DST, which was fully subscribed in December 2025.
The firm said it has also invested in oil and gas through its corporate balance sheet, affiliated ownership structures, and capital commitments from management.
According to the U.S. Energy Information Administration, the Permian Basin produced approximately 6.6 million barrels of crude oil per day in 2025, nearly half of total U.S. oil production. The Haynesville Shale spans Louisiana and East Texas and produced approximately 14.9 billion cubic feet of natural gas per day in 2025. It sits near Gulf Coast liquefied natural gas export facilities.
Returns are sensitive to commodity prices – particularly natural gas, given the portfolio’s Haynesville weighting – but a NexPoint spokesperson said “our underwriting applies modest commodity price estimates to conservative type-curves for future oil and gas production, providing meaningful cushion to projected future cash flows.”
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