Kimmeridge Energy Management Co. LLC is on track to create the largest pure-play mineral and royalty company in the Delaware Basin by net royalty acres.

The private-equity firm entered agreements on July 18 to merge its minerals company with Desert Royalty Co. LLC, a Midland, Texas-based independent oil and gas company that has focused on the acquisition and management of mineral and royalty properties for over 25 years.

The combined company—to be known as Desert Peak Minerals—is expected to be positioned as a “logical consolidator” of Delaware Basin mineral and royalty assets, according to the firm’s joint press release with Desert Royalty.

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