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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

MARCH 24, 2025

(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). In February 2025, NGP and the Elk Range team established Elk Range Royalties III.

Royalty

Royalty Basin Spud-in Operator

Elk Range Royalties follows Permian acquisition with 250,000 net acres from Oxy

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. These include assets being developed by Chevron and Civitas Resources, who collectively account for more than half of the wells spudded in 2024.

Royalty

Royalty Royalty Interest Spud-in Basin

Energy Aggregated

Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Elk Range Royalties follows Permian acquisition with 250,000 net acres from Oxy

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