Haymaker Acquires Large-scale Portfolio Valued over $100 Million

In partnership with Denham Capital, Haymaker said it closed the acquisition of a “large-scale diversified mineral portfolio” holding mineral and royalty interests in thousands of wells across Texas, Louisiana, North Dakota and Montana.

Hart Energy Staff
Haymaker Acquires Large-scale Portfolio Valued over $100 Million

Haymaker Managing Partner Karl Brensike also described the company as continuing to have “a strong appetite for additional diversified mineral portfolios of scale.” (Source: Hart Energy, Shutterstock.com)

Haymaker Minerals & Royalties III acquired a “large-scale diversified mineral portfolio” in partnership with Denham Capital and its affiliates, the Houston-based company said July 6.

According to a company release, affiliate H3 Minerals LLC closed the acquisition of a portfolio holding mineral and royalty interests in thousands of wells scattered across more than 30 counties and parishes in Texas, Louisiana, North Dakota and Montana. The seller and terms of the transaction weren’t disclosed. Kirkland & Ellis LLP acted as legal counsel to Haymaker on the transaction.

“This acquisition fits perfectly within the Haymaker strategy of acquiring diversified mineral portfolios valued at greater than $100 million,” Haymaker Managing Partner Karl Brensike commented of the deal in the release.

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