Mesa Minerals Partners III (Mesa III) has raised $150 million of aggregate equity commitments from NGP through NGP Natural Resources XII, L.P. and NGP Royalty Partners II, L.P.
Mesa III is a mineral and royalty acquisition company led by Darin Zanovich (president and CEO), Greg Balash (COO and executive vice president of engineering), Michelle Massaro (CFO & executive vice president of finance) and Josh Wiener (executive vice president of land).
“We are excited to partner again with NGP to build a new premier mineral and royalty platform focused on acquisitions of royalty assets in the Haynesville and Permian basins,” said Zanovich. “We believe our expertise and track record of acquiring royalty packages, as well as our ability to complement the position with our strong micro transaction ground game, allows us to build out a portfolio of assets that provides attractive returns to investors. The equity commitment from NGP’s two differentiated sources of capi