Tailwater Capital Launches Royalties Affiliate Led by Doug Prieto

The recently formed Tailwater Royalties will focus on the acquisition of minerals and royalties across multiple basins throughout North America, including the Permian Basin, Williston, Eagle Ford and Rockies.

Hart Energy Staff

Tailwater Capital LLC recently launched a royalties business led by former Concho Resources executive Doug Prieto to deepen the firm’s investment in key U.S. basins.

“Tailwater’s full immersion approach to energy and growth infrastructure has set us apart as nimble, creative investors who take a long-term approach,” Edward Herring, co-founder and managing partner of Tailwater, commented in a company release on Nov. 5.

Based in Dallas, Tailwater currently manages more than $3.7 billion in committed capital and the team has executed more than 100 energy transactions in the upstream and midstream sectors representing over $22 billion in transaction value.

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