Scott Noble, CEO and founder of Noble Royalties Inc., shares what opportunities remain in the Permian Basin plus what he focuses on when deciding on buying minerals.
During the interview with Hart Energy’s Jessica Morales at the recent DUG Permian Basin Conference in Fort Worth, Texas, Noble also addressed headwinds facing the industry and how to mitigate risks in the minerals business.
When asked where he faces the most competition these days, he said: “I think the biggest competition are really on the smaller sized transactions of $2 million and below. There is a lot of people playing in that space and I don’t think that they have the team or the expertise to be able to price them right accordingly.”
Since founding Noble Royalties in 1997, the company has acquired over $1.5 billion in minerals, royalties and overriding royalty interest, according to the Noble Royalties website. Noble said the company is currently backed by Apollo Global Management LLC.
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