Desert Peak Minerals Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Desert Peak Minerals Inc. - overview
Established
2019
Location
Denver, CO, US
Primary Industry
Oil & Gas
About
Based in Colorado, US, and founded in 2019 by Kimmeridge Energy Management Company, LLC, Desert Peak Minerals Inc. , trading under the name KMF Land, LLC, is an oil and gas company that consolidates ownership of minerals within the Permian Basin oil fields in West Texas, US. In June 2021, Blackstone Group acquired a stake in the firm, and in August 2021, Oaktree Capital Management acquired a stake in Desert Peak Minerals, Inc. In October 2021, the company has made an initial public offering of 10,000,000 shares of its Class A common stock, and as of November 2021, the firm is being led by Christopher L.
Conoscenti, as its CEO. Desert Peak Minerals, Inc. operates as a mining company, focused on acquiring and managing mineral wells in the Permian Basin. The company has made approximately 175 acquisitions and owns mineral and royalty interests representing 104,000 Net Royalty Acres (NRAs), as of 2021.
Desert Peak Minerals, Inc. generates revenue through the royalties paid by oil and gas producers that drill and operate in the firm’s wells. Desert Peak Minerals, Inc. ’s common shares will be listed on the NYSE under the ticker symbol DPM.
The company also plans to hire 27 employees within 2021.
Current Investors
Blackstone Group, Oaktree Capital Management, Kimmeridge
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.desertpeak.com
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Desert Peak Minerals Inc. - financials
| Fiscal Year Ended | Jun 30, 2021 |
|---|---|
| Revenue (USD) | - |
| % Revenue Growth (YoY) | - |
| EBITDA (USD) | - |
| Operating Income (USD) | - |
| Operating Margin | - |
| % EBITDA Margin | - |
| NET Income (USD) | - |
| % Net Margin | - |
Desert Peak Minerals Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Desert Peak Minerals Inc. | - | ||||||||
| Buyout | Completed | Desert Peak Minerals Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Rock Ridge Royalty Company LLC | - | ||||||||
| Company Formation | Completed | Desert Peak Minerals Inc. | - |
Displaying 1 - 4 of 4
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.