Montego Minerals Fully Subscribes $19.9M Vaquero Minerals Offering
Montego Minerals, an investor in oil and gas royalties and mineral rights, has fully subscribed its latest 1031 exchange eligible portfolio. Vaquero Minerals LLC raised approximately $19.9 million and is designed to capitalize on the firm’s proven track record of acquiring resource-rich mineral assets in the Permian Basin, the nation’s most productive energy field.
The company’s 25th portfolio, Vaquero Minerals portfolio represents a diversified package of royalty assets historically delivering both income and growth to accredited investors. Spanning approximately 38,832 gross acres across 12 counties in Texas and two in New Mexico, the portfolio comprises 110 individual properties operated by 10 premier operators, including Diamondback, Exxon, Chevron, ConocoPhillips, and Occidental Petroleum.
Currently, Vaquero Minerals includes 472 producing wells, 66 drilled but uncompleted (DUCs), 30 active permits, and capacity for more than 1,308 additional wells, which according to the company, offers a powerful combination of reliable cash flow and future development potential.
“Vaquero Minerals exemplifies the strength of our Permian strategy, capturing decades of development potential in the basin’s most active counties,” said Gregg Frasure, director of acquisitions and engineering at Montego Minerals. “Between acquisition and full subscription, 18 new permits were filed on these assets and five drilling rigs began operating across our 38,000-acre footprint. This immediate level of activity underscores the portfolio’s quality, diversification, and concentration in core locations.”
Over the summer, the company fully subscribed Coyote Plains Properties LLC. According to the company, the portfolio’s strong demand reflects continued investor confidence in Montego’s strategy and its reputation. The $18 million offering launched in early June, as previously reported by AltsWire.
Montego Minerals continues to build on its long-standing track record of sourcing, structuring, and managing institutional-grade mineral portfolios tailored for 1031 exchange investors and long-term holders. The firm remains actively engaged in new acquisition efforts to support future offerings.
Montego Minerals is a three-generation family office of petroleum engineers and geologists that has evaluated and purchased minerals and royalties in the Permian Basin for the last 50 years.
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