(Source: Shutterstock.com)
Viking Minerals LLC completed the sale of its Viking Minerals Partnership’s (VMP) Funds II and III on Sept. 23 for $22 million to an undisclosed buyer, the Oklahoma City-based minerals acquisition company announced Oct. 8.
With the exit of VMP Funds II and III, Viking Minerals has invested more than $66 million since 2017 for a total return of almost $125 million, Viking Minerals co-President and CEO Ransome Oliver said in the deal’s announcement.
Viking has raised and exited four VMP funds for a profit of more than $57 million, according to the press release. The average multiple on invested capital realized is 1.86 with a 19.5% average internal rate of return and 18% average annual yield.
“As we look forward, we plan to employ our same strategy of ground-game aggregation of mineral rights assets with individual landowners while seeking and maintaining the best opportunities, and assembling bespoke portfolios to drive value for investors,” Oliver said.
Recommended Reading
Shell Raises Shareholder Distributions and LNG Sales Target, Trims Spending
2025-03-25 - Shell trimmed its annual investment budget to a $20 billion to $22 billion range through 2028 after spending $21.1 billion last year.
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
2025-02-26 - BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Haslam Family Office: ‘We Need Hydrocarbons’
2025-01-29 - The managing director of HF Capital—the office for Tennessee's Haslam family—says that as long as oil, gas and other energy sources are lacking capital, there’s an investment opportunity.
Rising Phoenix Capital Launches $20MM Mineral Fund
2025-02-05 - Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.