Wing Resources announced the formation of Wing Resources VIII and $100 million in equity commitments from NGP Royalty Partners III, according to an April 2 press release. (Source: Shutterstock)
Wing Resources announced the formation of Wing Resources VIII and $100 million in equity commitments from NGP Royalty Partners III, according to an April 2 press release.
The formation marks NGP’s latest fund focused exclusively on acquiring mineral and royalty interests, the release stated.
Founded and led by President and CEO Nick Varel, Wing VIII builds on the firm’s mission to acquire “high-quality” mineral and royalty interests across the Permian Basin, the company said.
Wing Resources currently manages more than 3,000 horizontal wells across the Midland and Delaware basins, “making it one of the largest private holders of mineral and royalty interests in the basin,” the release said.
“We’re excited to continue our partnership with NGP and launch Wing VIII with fresh capital and renewed momentum,” Varel said. “Our track record speaks for itself—our team’s deep technical and transactional expertise, paired with patient capital and long-term vision, allows us to offer mineral and royalty owners competitive, upfront value in a market where certainty and speed matter.”
Recommended Reading
SLB Launches Retina, a New Solution for Downhole Imaging
2025-05-20 - SLB’s Retina imaging technology helps operators evaluate formations by providing precise measurements at first contact.
Darcy Partners Keeping Tabs with Oil, Gas’ Next Tech Startups
2025-05-20 - Darcy Partners evaluates technology that its members, particularly in the oil and gas industry, may want to put to use— from AI to a new, cool drill bits.
Halliburton Launches Horizontal Drilling Resistivity Service
2025-05-19 - Halliburton Co.’s EarthStar 3DX provides real-time data for operators to reduce risk and increase reservoir contact.
More Meat Off the Bone: New Refrac Methods Drive Production Gains
2025-05-15 - Liner hanger components and bullhead frac combinations are boosting refract results.
AI—Midstream’s New Tool to Play Offense
2025-05-15 - AI has a growing role as a midstream monitoring tool amongst companies in the sector.
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.