Your Portal for Key Energy Information and Research

Pegasus Resources, LLC

Company Summary

Description

Pegasus Resources is a mineral and royalty company based in Fort Worth, Texas, focused on the acquisition and management of properties primarily located in the Permian Basin. Pegasus is financially backed by a $600 million equity commitment from EnCap Investments L.P.

Website

http://www.pegasusresources.com/

Operational Regions

  • Permian Basin
  • Delaware Basin
  • Midland Basin

Related Entities

Recent news

  • 6/4/2020 - Black Stone Minerals... (subscriber access)
  • 2/11/2019 - Pegasus Resources... (subscriber access)

Company Transactions

Date: 7/4/2020
Type: Acquisition

BUYERS:
  • Pegasus Resources, LLC
  • EnCap Investments L.P.
    • SELLERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 100 $MM

    NOTES:
    The sale is a 57% undivided interest across their Delaware Basin Position and a 37% undivided interest across the Midland Basin. Pegasus Resources, an EnCap portfolio firm, will buy that stake for $100 million and closing will occur July 2020.
    REGIONS:
  • Delaware Basin
  • Midland Basin