Pegasus Resources, LLC, a Fort Worth, Texas-based mineral and royalty company, secured an additional $300m equity commitment.
EnCap Investments L.P. (EnCap) made the investment, bringing its total commitment to $600m.
The company, which received an initial commitment of $300m from EnCap in November 2017, is now focused on the acquisition and management of mineral and royalty properties in the core of the Delaware and Midland Basins.
Led by Chief Executive Officer George M. Young Jr., President and Chief Operating Officer Will O. Rodgers, and Chief Financial Officer Lynn Frank, Pegasus Resources is a mineral and royalty company focused on the acquisition and management of properties primarily located in the Permian Basin.
Since 2017, the company has assembled a team representing decades of experience in land, geology, and engineering, and has expanded its accounting and finance capabilities to manage its portfolio of producing properties. This team allows Pegasus to develop broad basin studies, understand the unique geology and well economics in specific areas of interest, and properly manage its assets.
Additionally, the company continues its partnership with Tilden Capital, LLC, which has a long track record of sourcing and closing mineral and royalty acquisitions across various basins, and specifically the Permian Basin.
FinSMEs
12/02/2019