Resource Royalty Announces Change in Majority Ownership, as Co-Founder Sells Stake
By Staff
Resource Royalty LLC, a private energy investment company and oil & gas sponsor headquartered in Dallas, announced recently a change in majority ownership.
Effective March 31, 2025, Bob Howard, the company’s chairman and co-founder, sold his majority interest in the company to Nick Berry and Cameron Rock of Oklahoma City. Beth Good will remain as partner and CEO.
“This is a great opportunity for all of us at Resource Royalty,” Good said. “While leadership at Resource Royalty will not change, Nick and Cameron bring a true spirit of entrepreneurship to the company. Their success in real estate and other asset classes brings opportunities for growth and expansion in the broker-dealer market.”
Berry and Rock are co-founders of Berry-Rock Homes LLC, a yield-oriented real estate fund in the single-family space. According to Resource Royalty, the fund manages almost 700 homes in Oklahoma and Missouri, and it provides a mortgage alternative allowing prospective homeowners to rent until they can build enough credit to buy. The fund has raised capital across multiple investor types, including those with professional advisers and a state government agency. In 2022, the Oklahoma Land Office made its first foray into direct investments, placing an eight-million-dollar investment into the fund.
The company also stated that, in addition to their real estate efforts, Berry and Rock have a five-year track record in the energy sector, launching a company focused on purchasing operated oil and gas wells in the Midcontinent Region. Berry and Rock also co-founded an insurance carrier focused on insuring community banks against loan loss within their portfolios.
“We are honored to be a part of the future of Resource Royalty,” said Berry. “We believe that through our experience in fund management as well as our oil and gas experience, we can partner with management to enhance mineral acquisitions, thereby expanding access to high-quality mineral offerings in the broker-dealer space.”
Additionally, the company reported that Berry and Rock bring resources to strengthen and enhance the Resource Royalty acquisition and land management team, including Logan Rainey, business partner of Berry and Rock with over 15 years of oil and gas experience. Rainey is the co-founder of Blue River Resources, a full-service land and title company, and a principal in Silver Oak Natural Resources, a privately held oil and gas company focused on acquisition, exploration, production, and development of domestic oil and gas properties. Through his many years of industry experience, Rainy has generated and fostered a vast network of relationships with private and public energy companies across most basins in the U.S.
“Like many industries, connections are incredibly important in the oil and gas industry. Rainey’s deep Rolodex and extensive experience will bring great value and depth to Resource Royalty’s acquisition and land management team,” said Christy Ewert, vice president of land at Resource Royalty. “Mr. Rainey shares our commitment to building best-in-class mineral portfolios and providing our investors with exceptional land management services. We are thrilled to welcome him to the team.”
The change in ownership comes during a productive time for Resource Royalty. Just last month, the company launched its 24th mineral and royalty rights offering while also fully subscribing a $6.2 million offering in the Anadarko Basin.
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