Rock Ridge Royalty Company LLC
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Rock Ridge Royalty Company LLC - overview
Established
2016
Location
Fort Worth, TX, US
Primary Industry
Oil & Gas
About
Rock Ridge Royalty Company LLC, based in the US, operates as a royalty company focused on acquiring and managing mineral rights, primarily in the oil and gas sector. Rock Ridge Royalty Company LLC was founded in 2016 and is headquartered in Fort Worth, US. The company specializes in managing mineral rights and has successfully completed two deals, with its most recent deal occurring on June 30, 2021. In this transaction, Desert Peak Minerals, Inc.
acquired Rock Ridge Royalty Company from Blackstone Group, although financial terms were not disclosed. The acquisition included 18,500 Net Revenue Acres (NRAs) in the Delaware Basin. The company's primary offerings focus on acquiring and managing mineral rights, particularly in the oil and gas industry. Their operations include ensuring optimal management of these assets to maximize revenue for stakeholders.
The company primarily engages with businesses in the energy sector, addressing the complexities involved in mineral rights management. Their services include consultation on best practices for royalty management and strategic advisory for potential acquisitions. The company's revenue model is based on royalties generated from the mineral rights they manage. This model allows for stable income as it is directly tied to the production of oil and gas from their acquired lands.
The transactions typically involve direct payments based on production volumes, ensuring a consistent revenue stream from their royalty interests. Looking ahead, Rock Ridge Royalty Company plans to focus on expanding its portfolio by acquiring additional mineral rights in new geographic regions, specifically targeting areas in the Permian Basin and Eagle Ford Shale by 2023. The recent acquisition by Desert Peak Minerals, Inc. will provide the necessary capital and strategic direction to pursue these expansion efforts.
Additionally, the company will utilize insights gained from previous acquisitions to refine their operational strategies, ensuring optimal management of their assets.
Current Investors
Kimmeridge, Desert Peak Minerals Inc.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.rockridgeroyalty.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Rock Ridge Royalty Company LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Rock Ridge Royalty Company LLC | - | ||||||||
| Buyout | Completed | Rock Ridge Royalty Company LLC | - |
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