NGP Energy Capital-backed Elk Range Royalties completed the acquisition of Newton Financial Corporation, Concord Oil Company and Mission Oil Company.

NGP Energy Capital-backed Elk Range Royalties, an oil and gas company, completed the acquisition of Newton Financial Corporation, a financial company, Concord Oil Company and Mission Oil Company, an oil and gas companies. Financial terms were not disclosed. “Closing this deal underscores our commitment to acquiring high-quality royalty assets in some of the most active basins, blending immediate cash flow with long-term development opportunities. I am proud of the work our team has done over the last twelve months to scale our portfolio. With this deal we have deployed over $141 million since January 2024 and expect to continue that momentum through 2025,” Charlie Shufeldt, Elk Range CEO.