Viking Minerals, LLC, an Oklahoma City-based mineral acquisition company, has achieved another successful milestone with the final sale of its Viking Mineral Partnerships (VMP) Funds II and III. The $22 million cash transaction, which closed on September 23, marks the culmination of a strong four-fund track record for Viking Minerals. Since 2017, the company has invested a total of $66 million across its four VMP Funds, generating a remarkable profit of over $57 million.
This latest exit demonstrates the company’s consistent performance in the evolving minerals acquisition market. “We are pleased to announce the exit of VMP Funds II and III as it represents a continued successful performance history for Viking Minerals,” said Ransome Oliver, Co-President and CEO of Viking Minerals. “Our returns are a result of our organic, hands-on approach to working directly with individual landowners, coupled with strong underwriting capability.”
The company’s commitment to its investors is evident in the impressive returns achieved across its four funds. The average multiple on invested capital (MOIC) realized is 1.86, with a 19.5% average internal rate of return (IRR), an 18% average annual yield, and a 42-month average fund hold period. “We have been fortunate to work with family and individual investors on our funds to-date, and they have benefitted from our consistent performance,” Oliver added.
Looking forward, Viking Minerals plans to continue its strategic approach of acquiring mineral rights assets from individual landowners while seeking out the best opportunities and assembling tailored portfolios to maximize investor value. The company’s dedication to its proven strategy, along with its expanding geographic footprint, positions it for continued growth and success in the minerals acquisition market. The buyer of VMP Funds II and III has not been disclosed.
About Viking Minerals
Established in 2012, Viking Minerals has grown significantly from its initial focus on acquiring minerals and royalties in Oklahoma to becoming a national player with over $100 million in organic transactions. The company’s ongoing focus is to further expand its portfolio through acquisitions in all major plays, with a particular emphasis on the Permian Basin, Eagle Ford, and Midcontinent Shales. For more information about Viking Minerals, visit https://vikingminerals.com/.
