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Another Portfolio Closed for Montego Minerals: Cypress Creek

Montego Minerals, a long-term investor in oil and gas royalties and mineral rights, has announced the close of its 18th portfolio, Cypress Creek Minerals, LLC. The $14.9 million offering is an all-cash investment opportunity primarily located in the United States’ most productive energy basin – the Permian Basin in Midland, Texas.

Cypress Creek represents a diversified portfolio of royalty assets historically delivering both income and growth to accredited investors. The portfolio expands across approximately 50,836 gross acres, nine counties in Texas, two counties in New Mexico, and one county in North Dakota. The portfolio is made up of 41 individual properties, and 16 premier operators, including: Pioneer Natural Resources, Exxon, ConocoPhillips, Hess, Marathon, Mewbourne, and EOG. Currently, this acreage has 182 producing wells, 22 DUCs (drilled but uncompleted), 21 active permits, and room for more than 151 additional wells to be drilled.

“…Our team of landmen and engineers spent countless hours sourcing, evaluating, and acquiring more than $80 million in royalty real estate throughout the year. Cypress Creek Minerals represented our fourth portfolio of the year and 18th overall. We could not be more excited about this collection of assets. It has been our company’s generational goal to apply experience and conviction when constructing these income and growth programs for our valued cash and 1031 investors…,” said Sean Caldwell, senior vice president of Capital Markets.

Montego Minerals acquires mineral and royalty interests for properties that have existing leases with energy companies and, in most cases, feature significant production already in pay status to investors. The operators drilling wells on the property pay all drilling and operating costs. The fund sponsor, Montego Asset Management, collects royalty payments from the operators and distributes the funds monthly to investors.

Montego Minerals is a three-generation family office of petroleum engineers and geologists that has evaluated and purchased minerals and royalties in the Permian Basin for the last 50 years.