Pony Oil, LLC announced this morning that it has acquired a mineral and royalty package of 2,018 Net Royalty Acres across Glasscock County, Texas. This acquisition adds to the over 25,000 acres Pony has purchased in the Permian Basin since its inception in 2012. Pony Oil’s CEO, John Paul Merritt, believes that this acquisition further proves Pony Oil’s commitment to mineral ownership and overall development of the Basin. Glasscock County has become one of the top producing counties in Texas as its production has risen over 500% since 2010. and an active hot spot for operators like Pioneer Natural Resources, Apache Corp., XTO, and COG. In an area where we have seen mineral prices upwards of $40,000 per net mineral acre, this will be a welcome addition to Pony’s portfolio.
Acquisition Highlights:
Net Acres: 2,018.66
Location: Midland Basin – Glasscock County, TX
Operated By: Parsley Energy, Inc., Rio Oil & Gas, Endeavor Energy Resources, Laredo Petroleum, Inc., Energen, Pioneer Natural Resources
Proven Zones: Wolfcamp A, Wolfcamp B, Wolfcamp C, Lower Spraberry
Pony Oil facilitated this acquisition through its proprietary mineral engine that has serviced countless landowners across various basins in Texas, Oklahoma, Colorado, and Wyoming since 2012. Pony Oil will continue to pursue strategic mineral investments in core areas of operation.
About Pony Oil
Pony Oil is an independent mineral investment company headquartered in Dallas, Texas. Pony Oil currently conducts operations in Texas, Oklahoma, Colorado, and Wyoming. Their primary focuses are strategic mineral acquisitions for operators and portfolio development. For more information, please visit www.ponyoil.com.
4245 N. Central Expy., Ste. 320 Box 109, Dallas, TX 75205
Related Links
