1979 Royalties, a privately-held exploration and production company, completed the acquisition of Northern Midland Basin Minerals & Royalty from Peacemaker Royalties, a Texas-based, privately-owned oil & gas minerals company, for $61m. “This acquisition of mineral and royalty assets on and surrounding our northern Midland Basin operating position is an exciting opportunity to enhance our net revenue interest and margins, while also gaining exposure to a rapidly developing extension of multiple prolific, highly profitable horizontal targets. We applaud Peacemaker and EnCap for assembling this high-quality footprint and look forward to watching accelerating development activity continue to transform the asset in a positive direction,” John Phillips, 1979 Royalties Commercial Land Manager.