Dallas-based Saxum Energy Partners recently said it fully invested inaugural partnership Saxum Energy I with $435 million for a premium mineral position in Permian Basin from Luxe Minerals as well as its previous acquisitions in the Haynesville Shale. Saxum launched the partnership in 2022 and acquired assets in the core of Permian Basin operated by ExxonMobil, Pioneer, Diamondback, Occidental, ConocoPhillips, Endeavor and Permian Resources and in Haynesville.
Jim Mutrie, one of three managing partners, said Oct. 10, “The partnership’s portfolio achieves our goal of delivering strong yield to our partners through current free cash flow and continued growth from our assets in the core of the top oil and gas plays in the continental United States. We are excited about the attractive current investment environment due to the continued underinvestment in supply and limited access to capital for traditional energy.”