Resource Royalty Fully Subscribes $6.2M Offering in Anadarko Basin

Resource Royalty LLC, a private energy investment company and oil & gas sponsor headquartered in Dallas, has fully subscribed its Resource Royalty 23, LLC, a portfolio that is roughly 50% oil and 50% natural gas.

“The $6.2 million offering was launched in January with a large portion of the equity already reserved,” said Brian Sone, vice president of capital markets. “We’ve seen a substantial increase in demand for mineral rights, primarily driven by 1031 exchange investors seeking yield and diversification. We’re seeing advisers allocate roughly 20% to 25% of the overall replacement property portfolio to mineral rights.”

Resource Royalty specializes in providing mineral and royalty investment opportunities to accredited investors and private institutions. Resource Royalty 23 is comprised of 16 non-contiguous properties in the Anadarko Basin of Oklahoma.

Beth Good, chief executive officer of Resource Royalty, expressed her pride in the acquisition team and enthusiasm for future returns.

“They [the properties] are in the most active area of the basin with some of the largest operators in the country. Our team takes a data-driven approach to cash flow modeling and believes this offering will deliver strong distributions based on conservative commodity price assumptions,” Good said.

The offering is 16,320 gross acres and spans five counties. With 25 producing wells in pay, 16 wells drilled and completed and 11 wells uncompleted, the portfolio is engineered for current income and growth. The first distribution for Resource Royalty 23 will be in late April for income received during the first quarter of 2025.

“Resource Royalty 23 represents a disciplined and intentional acquisition of a set of well-positioned assets across the STACK, Merge, and SCOOP plays in Oklahoma,” said Clayton Deering, director of engineering. “This composition of assets has some of the highest reserves per lateral foot in the Anadarko Basin. The portfolio consists of proven operators including Coterra, Devon, EOG, Marathon, and Ovintiv.”

Financial reporting and property management of the portfolio post-close is handled by Resource Royalty Property Management LLC, or RRPM, a wholly owned subsidiary of Resource Royalty. It manages all facets of mineral interest ownership for the benefit of Resource Royalty 23 investors, including collecting and aggregating monthly royalty payments, processing quarterly distributions, recording deeds, and facilitating year-end tax reporting.

The property management team also monitors oil field activity and handles all communications with the oil and gas operators on behalf of the investors.

“RRPM makes mineral ownership an attractive and hassle-free investment for our investors,” said Christy Ewert, vice president of land. “Our goal is to eliminate the burden of managing mineral investments completely. Our team has the full range of oil and gas experience and knowledge to provide that level of service to all our investors.”

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