HOUSTON–(BUSINESS WIRE)–Haymaker Minerals & Royalties III (“Haymaker”) is pleased to announce that its affiliate, H3 Minerals, LLC, has closed the acquisition of a large-scale diversified mineral portfolio. The portfolio holds mineral and royalty interests in thousands of wells scattered across more than 30 counties and parishes in Texas, Louisiana, North Dakota, and Montana.
“This acquisition fits perfectly within the Haymaker strategy of acquiring diversified mineral portfolios valued at greater than $100 million,” said Managing Partner Karl Brensike. “With almost 20 years of experience in acquiring and managing complex and diversified mineral portfolios, Haymaker management prides itself on working with sellers to provide flexible options for their assets.”
Haymaker partnered with Denham Capital (“Denham”) and its affiliates on the acquisition. Brensike added, “We are excited to work with Denham on this acquisition and continue to have a strong appetite for additional diversified mineral portfolios of scale.”
Kirkland & Ellis, LLP acted as legal counsel to Haymaker on the transaction.
About Haymaker Minerals & Royalties
Haymaker was founded in 2013 and has used various entities to manage and acquire mineral and royalty interests in over 35,000 oil and gas wells across the United States. For more information about Haymaker, visit www.haymakermineralsandroyalties.com.
About Denham Capital
Denham Capital is a leading energy and resources-focused global private equity firm with over $12 billion of invested and committed capital across multiple fund vehicles and offices in Houston, London, Boston and Perth. The firm makes direct investments in the energy and resources sectors, including businesses involving oil and gas, sustainable infrastructure, and mining, across the globe. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.
Contacts
Haymaker Minerals & Royalties
Sabrina Hallett
(832) 916-3231
sabrina@haymakerllc.com