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CM - PE Kimmeridge & Desert Royalty form Desert Peak Minerals - August 2019
Energy investor and occasional activist shareholder Kimmeridge Energy Management Co. teamed up with Desert Royalty Co. to form Desert Peak Minerals, which will be the Delaware Basin’s largest pure-play mineral and royalty company by net royalty acreage. The pair announced a definitive agreement July 18 to combine their respective oil and gas royalty assets in the basin. When complete, Desert Peak will have more than 70,000 net royalty acres on a 1/8 royalty-adjusted basis across eight counties in West Texas......
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