Warwick Capital and GRP Energy Capital Complete $670 Million Oil and Gas Asset Acquisition
Dallas, TX – – Warwick Capital Partners and GRP Energy Capital have finalized the acquisition of a substantial portfolio of oil and gas mineral and royalty assets for $670 million, according to a statement released by PE Hub. The assets were sold by Viper Energy, a subsidiary of Diamondback Energy.
The acquired portfolio encompasses approximately 73,500 net royalty acres spread across key oil and gas producing regions in Texas, Colorado, and North Dakota. Specifically, the holdings span the DJ, Eagle Ford, and Williston basins, representing a diverse geographic footprint within the U.S. Energy sector.
This transaction builds upon a previous deal between the parties. In 2023, affiliates of Warwick and GRP sold certain mineral and royalty interests to Viper in exchange for roughly 9.02 million Viper common units and $750 million in cash. This latest acquisition represents a reversal of that earlier transaction, with Warwick and GRP now expanding their holdings in these key basins.
Alfredo Mattera, co-founder and managing partner at Warwick Capital Partners, highlighted the significance of the deal, stating, “We are delighted to celebrate this significant close, marking another milestone in our 10-year partnership with GRP Energy Capital. Over the past decade, Warwick has built a successful business in minerals and royalties, showcasing our ability to scale niche opportunities and bring a differentiated offering in specialist asset classes to our investors.”
GRP Energy Capital, founded in 2008 and based in Dallas, focuses on acquiring and managing mineral and royalty interests across major U.S. Oil and gas basins. The company’s expertise in this specialized area of energy investment was a key factor in facilitating the transaction.
The acquisition comes as the energy sector continues to navigate a complex landscape of fluctuating commodity prices and evolving environmental regulations. Mineral and royalty assets, which represent ownership of the subsurface rights to oil and gas, are often seen as a relatively stable investment compared to direct exploration and production activities.
The deal also reflects a broader trend of consolidation within the mineral and royalty sector, as larger players seek to expand their scale and geographic diversification. Warwick and GRP’s combined expertise and financial resources position them well to capitalize on future opportunities in this market.
While the specific details of the asset breakdown within the three basins were not disclosed, industry analysts suggest that the Eagle Ford and Williston basins, known for their shale oil and gas production, likely represent a significant portion of the portfolio. The DJ Basin, located in Colorado and Wyoming, is also a prolific producer of natural gas and oil.
The completion of this $670 million acquisition underscores the continued interest in U.S. Oil and gas assets, despite ongoing efforts to transition to renewable energy sources. Mineral and royalty investments offer a unique opportunity to participate in the energy market without the operational complexities of drilling and production.
