Momentum Minerals LLC recently closed an additional equity commitment from funds managed by affiliates of Apollo Global Management Inc., the Houston-based mineral and royalty acquisition fund said in a Sept. 15 release.
The capital raise marks the latest equity commitment in Momentum management’s long-standing relationship with Apollo and its affiliates that started in 2013.
Momentum Mineral was founded by James R. Elder and Kevin N. Lorenzen, former portfolio managers of Apollo who now lead Momentum as co-CEOS. The company will use the new commitment to support its ongoing mineral and royalty acquisition initiatives throughout the U.S., capitalizing on current market opportunities.

Momentum Minerals featured in the 2020 edition of Oil and Gas Investor’s Minerals Business Supplement.
In a statement commenting on the latest equity commitment, Lorenzen said: “We are excited to continue our strategic relationship with Apollo and believe we are well positioned to accelerate the growth of our minerals and royalties portfolio. We are actively evaluating new acquisition opportunities in the current market.”
Elder added, “Working with Apollo, we are poised to maintain our competitive presence in the minerals marketplace and enhance our capability to invest in deals across the value spectrum.”
Vinson & Elkins, led by Dan Komarek, Jim Fox and Jeff Shah, advised funds managed by affiliates of Apollo Global Management in connection with the recent equity commitment to affiliates of Momentum Minerals.
Recommended Reading
Cowen: Gas Turbine Orders Hit 20-Year High on PowerGen Needs
2025-05-22 - A report by TD Cowen analysts shows that between fourth-quarter 2024 and first-quarter 2025, gas fired capacity generation awards reached their highest point since March 2001.
Vision RNG Closes Nearly $29MM Sale of Tax Credits Generated by RNG Project
2025-04-16 - The sale is associated with Vision RNG’s Laurel Ridge landfill gas-to-energy facility in Kentucky.
Algeria Launches Program to Grow Oil, Gas Production
2025-05-12 - The African nation has extended its bid submissions for a hydrocarbon tender to July.
The Future Remains Bright for Offshore Oil and Gas, Rystad Says
2025-05-06 - In the midst of a global energy transition, offshore oil and gas production continues to not only be viable, but essential, says Rystad Energy.
2025 Hamm Summit Goal: Make US NatGas ‘Hero’ for Powergen
2025-04-11 - Stepping up power for data centers “is a phenomenal opportunity here that our industry has to take advantage of. We have to get this right,” the Hamm Institute for American Energy’s executive director Ann Bluntzer Pullin said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.