San Jacinto Completes Asset Divestitures in DJ and Appalachian Basins
Deal News | Jan 15, 2025 | Lime Rock Partners LLC
San Jacinto Minerals, under the ownership of Lime Rock Partners LLC, announced the completion of two major asset divestitures. The transactions included the sale of a stake in the Denver-Julesburg Basin for $21 million and assets in the Appalachian Basin for $30 million. San Jacinto, founded in 2015, holds a strong presence in these regions and continues to manage significant royalty interests in U.S. shale basins. The company has concluded over $700 million in acquisitions over 1,200 transactions since its inception and is part of a broader energy investment strategy by Lime Rock, which has raised over $10 billion across different energy sectors since 1998. Lime Rock’s investment focus includes growth capital for energy companies and targeted acquisitions in oil and gas properties.
Sectors
- Energy
- Private Equity
Geography
- United States – The divestitures involve assets in the Denver-Julesburg Basin and the Appalachian Basin, both located in the U.S.
Industry
- Energy – This industry is relevant as San Jacinto Minerals and Lime Rock Partners operate within the energy sector, focusing on oil, gas, and energy transitions.
- Private Equity – Lime Rock Partners LLC is a private equity firm that specializes in investments in the energy sector.
Financials
- $21 million – Sale price for the Denver-Julesburg Basin position.
- $30 million – Sale price for the Appalachian Basin assets.
- $51 million – Total revenue from the asset sales.
- $700 million – Total value of acquisitions completed by San Jacinto.
- $10 billion – Total funds raised by Lime Rock Management for energy-related investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| San Jacinto Minerals | Target | Company | A royalty interest acquisition vehicle focused on U.S. shale basins. |
| Lime Rock Partners LLC | PE Firm | Company | A private equity firm with strategies in energy investments. |
| Nick Reiland | Founder | Person | Co-founder of San Jacinto Minerals. |
| Jeff Scott | Founder | Person | Co-founder of San Jacinto Minerals. |