Warwick and GRP Energy Acquire $670M Oil & Gas Assets

• The assets are based in Texas, Colorado and North Dakota
• The portfolio of 73,500 net royalty acres spans the DJ, Eagle Ford and Williston basins
• This latest acquisition follows the 2023 sale of certain mineral and royalty interests from Warwick and GRP to Viper for $750 million

Warwick Capital Partners and GRP Energy Capital have acquired a portfolio of US-based oil and gas mineral and royalty assets for $670 million. The seller was Viper Energy, a subsidiary of Diamondback Energy.

The assets are based in Texas, Colorado and North Dakota.

The portfolio of 73,500 net royalty acres spans the DJ, Eagle Ford and Williston basins.

This latest acquisition follows the 2023 sale of certain mineral and royalty interests from affiliates of Warwick and GRP to Viper in exchange for approximately 9.02 million Viper common units and $750 million of cash.

On the deal, Alfredo Mattera, co-founder and managing partner at Warwick Capital Partners, said in a statement, “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.”