Coming off a recent multimillion-dollar transaction, Wing Resources is continuing its partnership with Natural Gas Partners (NGP) to pursue mineral and royalty acquisitions in the Permian Basin.

The Dallas-based company said Aug. 28 it had raised $100 million of new equity commitments from NGP for Wing Resources IV LLC, the management team’s fourth partnership with NGP.

Earlier this year, Wing Resources agreed to sell a predecessor company to Tulsa, Okla.-based coal producer Alliance Resource Partners LP for $145 million in cash. The transaction, which included 9,000 net royalty acres in the Midland Basin and exposure to more than 400,000 gross acres, closed Aug. 2.

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