Desert Peak Minerals Announces Acquisitions Of 6,500 Total Net Royalty Acres In The Delaware Basin

DENVER, Dec. 16, 2019 /PRNewswire/ — Desert Peak Minerals Inc. (“DPM”) and its sponsor, Kimmeridge Energy Management Company, LLC (“Kimmeridge”), today announced that DPM has (i) completed multiple acquisitions totaling approximately 2,100 net royalty acres in the Delaware Basin on a 1/8th royalty-adjusted basis (“NRAs”) from private, unrelated sellers and (ii) entered into definitive agreements to acquire approximately 4,400 additional NRAs in the Delaware Basin from multiple private, unrelated sellers. The assets being acquired are primarily located in Reeves, Ward, and Loving Counties in west Texas. The closings of the pending transactions are subject to certain conditions agreed upon by the parties, and financial terms were not disclosed.