{"id":858234,"date":"2023-02-02T06:00:12","date_gmt":"2023-02-02T05:00:12","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/elk-range-royalties-announces-acquisition-in-the-permian-basin-and-launch-of-elk-range-royalties-ii\/"},"modified":"2023-02-02T06:00:12","modified_gmt":"2023-02-02T05:00:12","slug":"elk-range-royalties-announces-acquisition-in-the-permian-basin-and-launch-of-elk-range-royalties-ii","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/elk-range-royalties-announces-acquisition-in-the-permian-basin-and-launch-of-elk-range-royalties-ii\/","title":{"rendered":"Elk Range Royalties Announces Acquisition in the Permian Basin and Launch of Elk Range Royalties II"},"content":{"rendered":"DALLAS--(BUSINESS WIRE)--Elk Range Royalties, LP (\u201cElk Range\u201d) is pleased to announce it has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement (\u201cPSA\u201d) with Tower Rock Oil &amp; Gas and its affiliates.\n\n\n\nThe PSA covers ~2,300 core net royalty acres (\u201cNRAs\u201d), over 2,600 gross producing horizontal wells and more than 6,000 remaining gross undeveloped locations distributed across the Delaware and Midland Basins. LTM cash flow on the acquired assets was ~$3.7mm and includes top operator exposure to Pioneer, Endeavor and Permian Resources. Elk Range funded the acquisition through a combination of its equity commitment from NGP Royalty Partners, L.P. and its credit facility <div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>DALLAS&#8211;(BUSINESS WIRE)&#8211;Elk Range Royalties, LP (\u201cElk Range\u201d) is pleased to announce it has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement (\u201cPSA\u201d) with Tower Rock Oil &amp; Gas and its affiliates. The PSA covers ~2,300 core net royalty acres (\u201cNRAs\u201d), over 2,600 gross producing horizontal wells [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-858234","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elk Range Royalties Announces Acquisition in the Permian Basin and Launch of Elk Range Royalties II - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/elk-range-royalties-announces-acquisition-in-the-permian-basin-and-launch-of-elk-range-royalties-ii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elk Range Royalties Announces Acquisition in the Permian Basin and Launch of Elk Range Royalties II - BeBeez\" \/>\n<meta property=\"og:description\" content=\"DALLAS--(BUSINESS WIRE)--Elk Range Royalties, LP (\u201cElk Range\u201d) is pleased to announce it has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement (\u201cPSA\u201d) with Tower Rock Oil &amp; Gas and its affiliates. 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