Presta Royalty's Recent Acquisition: A Major Step in Oil and Gas Investments Across 13 States
Presta Royalty LLC, a company headquartered in Fort Worth, Texas, has made significant strides in the oil and gas sector through its recent acquisition of mineral and royalty rights from a long-established Oklahoma-based mineral firm. This transaction, which encompasses a staggering 18,000 net mineral acres, spans across 96 counties in 13 states and is notably focused on the high-potential SCOOP/STACK and Cherokee plays.
The acquisition was initiated under the guidance of Presta's founder, Jonny Brumley, who emphasized the company's mission to secure valuable oil and gas assets. Financing for the acquisition was tactfully managed through a mix of available cash and credit provided by UMB Bank, showcasing Presta's strategic financial planning. Legal representation for this significant transaction was handled by Kelly Hart & Hallman, LLP, indicating the company's commitment to ensuring a smooth process.
Since its inception in 2018, Presta Royalty has rapidly expanded its mineral holdings, now boasting an impressive portfolio exceeding 50,000 net mineral acres. This growth highlights the company's aggressive acquisition strategy, primarily targeting properties from family-owned businesses or trusts, which has earned it a reputation for fairness and respect in dealings with sellers. With this latest acquisition, Presta marks its eighth successful transaction with family-controlled entities, further solidifying its position within the industry.
Brumley noted that achieving this acquisition not only enhances Presta's resources but also reinforces their commitment to collaboration with past owners who seek to divest from the oil and gas sector. "If you or your family are considering a partial or complete exit from the oil and gas business, we encourage you to reach out to us for potential partnerships," he stated.
This bold move not only demonstrates Presta's ambition in the energy market but also cements its role in the evolving landscape of oil and gas investments across the country. With established operations in various prolific regions, including the Permian Basin, Arkoma Basin, Anadarko Basin, Williston Basin, and East Texas, Presta continues to position itself as a player in a competitive industry.
For further information or inquiries regarding potential collaborations, Presta Royalty invites interested parties to visit their official website at prestapetro.com or directly contact Jonny Brumley at 817-796-9980. With an eye on the future, Presta Royalty remains dedicated to not only expanding its asset base but to fostering strong, respectful relationships with all stakeholders involved in the oil and gas sector.
The acquisition was initiated under the guidance of Presta's founder, Jonny Brumley, who emphasized the company's mission to secure valuable oil and gas assets. Financing for the acquisition was tactfully managed through a mix of available cash and credit provided by UMB Bank, showcasing Presta's strategic financial planning. Legal representation for this significant transaction was handled by Kelly Hart & Hallman, LLP, indicating the company's commitment to ensuring a smooth process.
Since its inception in 2018, Presta Royalty has rapidly expanded its mineral holdings, now boasting an impressive portfolio exceeding 50,000 net mineral acres. This growth highlights the company's aggressive acquisition strategy, primarily targeting properties from family-owned businesses or trusts, which has earned it a reputation for fairness and respect in dealings with sellers. With this latest acquisition, Presta marks its eighth successful transaction with family-controlled entities, further solidifying its position within the industry.
Brumley noted that achieving this acquisition not only enhances Presta's resources but also reinforces their commitment to collaboration with past owners who seek to divest from the oil and gas sector. "If you or your family are considering a partial or complete exit from the oil and gas business, we encourage you to reach out to us for potential partnerships," he stated.
This bold move not only demonstrates Presta's ambition in the energy market but also cements its role in the evolving landscape of oil and gas investments across the country. With established operations in various prolific regions, including the Permian Basin, Arkoma Basin, Anadarko Basin, Williston Basin, and East Texas, Presta continues to position itself as a player in a competitive industry.
For further information or inquiries regarding potential collaborations, Presta Royalty invites interested parties to visit their official website at prestapetro.com or directly contact Jonny Brumley at 817-796-9980. With an eye on the future, Presta Royalty remains dedicated to not only expanding its asset base but to fostering strong, respectful relationships with all stakeholders involved in the oil and gas sector.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.