San Jacinto Announces Two Asset Divestiture Transactions
1/15/2025Denver — January 15, 2025 — San Jacinto Minerals, a royalty interest acquisition vehicle, today announces that it has closed on the sale of a position in the Denver-Julesburg Basin for $21 million and a separate sale of Appalachian Basin assets for $30 million. The transactions were to two separate buyers.
Founded in 2015 by Nick Reiland and Jeff Scott, San Jacinto is focused on the Appalachian Basin and Denver-Julesburg Basin while also opportunistically acquiring mineral and non-op interests in other shale basins. As of mid-year 2024, San Jacinto had closed on over $700 million of acquisitions in over 1,200 transactions. It has also completed three material asset sales.
The San Jacinto entities continue to hold significant royalty interests in the Denver-Julesburg and Appalachian Basins as well as other areas in the United States.
For more information on San Jacinto please see www.sanjacintominerals.com.
Since its inception in 1998, Lime Rock Management has raised over $10.0 billion in private equity funds and affiliated co-investment vehicles for investment in the energy industry through three strategies: Lime Rock Partners, investors of growth capital in E&P and oilfield services companies; Lime Rock Resources, acquirers and operators of oil and gas properties in the United States; and Lime Rock New Energy, investors of growth capital in products and services companies in the energy transition. For more information, please visit: www.lrpartners.com.
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