MINERALS & ROYALTIES AWARDS DINNER
For the first time ever, 300+ Minerals & Royalties focused Executives gathered to celebrate the achievements of their peers at the Minerals & Royalties Awards Dinner. On the evening of October 13th, six separate awards were given to individuals and companies voted for by their peers, including Investor of the Year, Transaction of the Year, Minerals Executive of the Year, Disruptive Technology of the Year, Aggregator of the Year, and Kitchen Table War Story of the Year.
MINERALS EXECUTIVE OF THE YEAR
To date, Darin Zanovich is the only Executive to be a part of two larger scale ($100mm+) private equity exits in the minerals & royalties space. From 2013-2018, Darin served on the Executive Management team at Haymaker Minerals & Royalties, LLC until their successful exit in 2018 for $450+ million in cash and stock. In October 2018, Darin then co-founded Mesa Minerals Partners LLC, a Quantum Energy Partners backed mineral and royalty company focused in the Haynesville shale play until their successful exit in December 2020 to Franco Nevada for $135 million. Earlier this year in May 2021, Darin then launched Mesa Minerals Partners II LLC (“Mesa II”) with an initial $150 million equity commitment from NGP Natural Resources XI, L.P. and NGP Royalty Partners, L.P. with a focus on the acquisition of large, aggregated mineral and royalty portfolios across all the major shale basins in the US and also a ground-game strategy of acquiring minerals and royalties in the Haynesville shale play in North Louisiana and East Texas.
AGGREGATOR OF THE YEAR
Incline Energy Partners (IEP) is currently the most active aggregator of O&G mineral and royalty interests in 6 out of the top 15 most productive oil producing counties in the nation, including Weld County in the DJ Basin, McKenzie, Dunn, Williams and Mountrail Counties in the Williston Basin and Loving County in the Delaware Basin. Since January 1st, 2020 IEP has acquired ~13,700 NRA in minerals and royalties, having aggregated that position through the filing of 676 distinct transactions with 113 different acquisitions already filed since 7/1/2021 with IEP's combined mineral position currently being exposed to 3492/8.6 gross/net HRZ PDP wells and 1,968/7.1 gross/net HRZ WIP wells. Since January 1st, 2020 IEP has filed 184 acquisitions of record in the Weld County (1.78X more than their most active competitor), filed 387 acquisitions in the Williston (2.9X more than their most active competitor), and effective August 2020 when IEP entered the Delaware Basin in Loving County, filed 32 mineral acquisitions (2.4X more than their most active competitor).
DISRUPTIVE TECHNOLOGY OF THE YEAR
MINERALS TRANSACTION OF THE YEAR (2020 & 2021)
Freehold Royalties Acquired a Private Diversified Minerals Portfolio for $58mm (Jan 2021)
Freehold Royalties acquired a $15.5mm portfolio across the Eagleford, Delaware Basin, and Midland Basin (July 2021)
Freehold Royalties entered into an agreement with OneMap Mineral Services to acquire a $52.3mm Midland Basin asset (August 2021)
MINERALS INVESTOR OF THE YEAR
Launched NGP Royalties Partners, a $350mm fund dedicated to the minerals & royalties space
Mesa Minerals Partners II acquired a large Louisiana Haynesville portfolio in July 2021