NGP Leads $254M Investment In New Mineral Royalty Co.

Law360, New York (March 14, 2017, 1:32 PM EDT) -- Luxe Minerals LLC, a newly formed company seeking to acquire mineral and royalty interests in targeted basins across the U.S., said Monday that it has raised $254 million, led by private equity firm Natural Gas Partners.

The investment is being made through NGP Natural Resources XI LP, and also includes a contribution from the Luxe Minerals management team, according to a statement from the company. Luxe Minerals is headed by the same team from Luxe Energy LLC, which has received $1.24 billion in capital from NGP in the last two years.

The Austin, Texas-based company will look to purchase mineral and...

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