NGP’s Elk Range Royalties Acquires Core Permian Basin Position
Elk Range Royalties recently said it acquired certain Permian Basin royalty interests from an undisclosed seller evenly split between the Delaware and Midland basins.
Hart Energy Staff
Elk Range Royalties LP recently acquired roughly 2,600 core net royalty acres evenly split between the Delaware and Midland basins, marking its largest acquisition to date in the Permian Basin.
“We are excited to acquire a core Permian Basin royalty package in a very active market environment,” Elk Range President Charlie Shufeldt commented in a company release on Oct. 6.
Shufeldt co-founded Elk Range Royalties in early 2020 alongside Vice President Clinton Koerth “to fill a need they saw in the market for producing minerals and royalties,” according to the Dallas-based company’s website.