Desert Peak Minerals
Desert Peak was founded by Kimmeridge, a private investment firm focused on energy solutions, to acquire, own and manage high-quality Permian Basin mineral and royalty interests with the objective of generating cash flow from operations that can be returned to shareholders and reinvested. Desert Peak has accumulated over 105,000 net royalty acres when normalized to a 1/8th royalty equivalent) through the consummation of over 175 acquisitions to date, according to a Jan. 12, 2022 press release.
Editor's note: Updated Jan. 12, 2022.
The transaction with Desert Peak will mark the next chapter for Falcon Minerals, which formed in 2018 through an $800 million…