Post Oak Minerals acquires $475 million in Permian basin assets

(WO) — Post Oak Minerals V, an affiliate of Post Oak Energy Capital LP, has completed 10 acquisitions valued at over $475 million since early 2024, primarily focusing on the Permian basin.

The acquisitions include over 28,400 net royalty acres (NRA) of mineral and royalty interests, with 27,400 NRA located in the Permian basin. The remaining assets are in the Eagle Ford and Haynesville shale trends. The largest acquisition involved approximately 24,000 NRA of fee minerals in the Midland basin from Apache Corporation and its subsidiaries. Other sellers included Hunt Oil Company, family offices, and private individuals.

Post Oak Minerals, LLC, the in-house mineral and royalty investment platform for Post Oak, will manage the acquired assets. Post Oak Minerals now oversees more than 80,000 NRA of mineral and royalty interests, with around 50,000 NRA in the Permian basin. These assets are owned by various private institutional investment funds managed by Post Oak.

“These interests are in proven areas among the best geology and lowest breakeven development costs in the United States and are being actively developed by premier, well capitalized operators that are executing full pad development programs,” Eric Madry, managing director of Post Oak Minerals, said. “We were able to move swiftly to capture these assets at an attractive risk-adjusted valuation due to our close collaboration with Post Oak as an in-house platform.”

Greenhill & Co, Inc., a Mizuho affiliate, acted as exclusive financial advisor to Post Oak on the acquisition of Midland Basin minerals from Apache Corporation and certain of its subsidiaries.