Resource Royalty, a private energy investment company, has launched Resource Royalty 24, a direct-title, 1031 exchange–eligible, mineral rights offering.
Resource Royalty 24 consists of 12 mineral and royalty properties in the Anadarko Basin in Oklahoma and the Midland Basin in Texas. This $6.7 million offering includes 33 producing wells, 11 completed wells, four uncompleted wells, six filings and 32 additional well locations. Resource Royalty 23, its predecessor, was fully subscribed at $6.2 million in the beginning of the year, composed of 50 percent oil and 50 percent natural gas.
Resource Royalty currently has sponsored 24 private offerings, 440,000 acres acquired, 1,650 producing wells and $173 million in funds raised.
