Andros Launches Mineral Platform with $122 Million Acquisition

In its initial acquisition, Andros Minerals entered an agreement with an undisclosed private seller to acquire a portfolio located in the Eagle Ford Shale and Permian’s Midland and Delaware sub-basins.

Hart Energy Staff
Andros Launches Mineral Platform with $122 Million Acquisition

Andros Capital Partners is a private investment firm based in Houston that targets private equity investments, credit opportunities and direct asset-level investments across the energy sector. (Source: Shutterstock.com)

Andros Capital Partners LLC on June 7 unveiled a new mineral platform following an initial acquisition of mineral and royalty for $122 million.

According to a company release, Andros Minerals LLC, the firm’s newly launched direct mineral and royalty acquisition platform, entered an agreement with an undisclosed private seller to acquire a portfolio located in the Eagle Ford Shale and Permian’s Midland and Delaware sub-basins.

“We are excited to establish Andros Minerals as a direct mineral and royalty acquisition platform with this initial acquisition,” Andros Founder and Managing Partner Phillip A. Gayle Jr. commented in the release.

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