Announced
Financials
Tags
Single Bidder
Private Equity
Domestic
United States
Integrated Oil and Gas
Acquisition
Majority
Pending
mineral driller
Private
Friendly
Synopsis
Andros Capital Partners, a private equity firm, agreed to acquire a portfolio of mineral and royalty interests located in the Midland Basin, Delaware Basin, and Eagle Ford Shale, for $122m. “We are excited to establish Andros Minerals as a direct mineral and royalty acquisition platform with this initial acquisition. A tremendous amount of private capital has been invested in minerals over the past decade and is looking for an exit. We believe we are uniquely positioned as the appropriate long-term owner of these assets and will continue to acquire and aggregate mineral and royalty interests at scale across the most active US basins,” Phillip A. Gayle, Andros Founder and Managing Partner.
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