Montego Minerals Fully Subscribes $22M Wolf Fork Minerals, Its 31st Portfolio
Montego Minerals has fully subscribed the 1031-exchange eligible Wolf Fork Minerals, its 31st portfolio, absorbing nearly $45 million across two offerings in rapid succession.
Wolf Fork Minerals represents a $22 million acquisition consisting of a diversified package of royalty assets spanning approximately 79,418 gross acres across Texas and New Mexico. The portfolio includes 282 producing wells, 99 drilled but uncompleted wells, nine active permits, and capacity for more than 261 additional wells, offering current cash flow and long-term development optionality. The portfolio is operated by several large energy companies, including Exxon, ConocoPhillips, Occidental Petroleum, Permian Resources, and BP.
Wolf Fork follows Inwood Minerals, Montego’s 30th portfolio, which raised $22.7 million from accredited investors and is also located in Texas and New Mexico, and Driftwood Minerals, the firm’s 29th offering, which closed alongside Montego Capital Fund 4 in February 2026.
“Wolf Fork Minerals reflects the type of opportunity we continue to prioritize at Montego: high-quality mineral ownership in core operating areas with significant long-term development visibility,” said Sean Caldwell, president of capital markets at Montego Minerals. “With 282 producing wells already contributing cash flow and a substantial inventory of future development activity underway, the portfolio is positioned to benefit from both current production and continued operator capital deployment. These are the characteristics we believe create durable value for investors over time.”
With Wolf Fork’s close, Montego has now completed 31 offerings. AltsWire previously reported that the firm has completed 15 managed exits across its portfolio programs, all within three- to six-year hold periods. Montego manages more than $466 million in assets under management across more than 1.6 million gross acres and approximately 14,800 producing wells, as reported in March 2026.
Montego Minerals is a multigenerational family office of petroleum engineers and geologists that has evaluated and purchased mineral and royalty interests in the Permian Basin for 50 years. The Midland, Texas-based firm focuses exclusively on acquiring mineral and royalty interests beneath existing leases; operators bear all drilling and operating costs, while Montego Asset Management collects royalty payments and distributes income to investors monthly.
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