Post Oak Energy Capital, LP through investment partnerships it manages, has led a $100 million equity commitment to Saxet III Minerals LLC. The management team will co-invest alongside Post Oak.

Houston-based Saxet Petroleum Inc. focuses on the acquisition and management of mineral and royalty interests in prolific U.S. basins.

Saxet III is the third partnership with Post Oak and will be a continuation of the successful strategies the Saxet management team has employed in Saxet Minerals LLC and Saxet II Minerals LLC. Saxet I and Saxet II have aggregated core positions in the SCOOP, Merge and STACK plays in Oklahoma, the Midland Basin in West Texas and the Bakken and Three Forks plays in North Dakota. Saxet continues to see attractive investment opportunities in these areas and elsewhere.

“The long-standing partnership with Post Oak has been instrumental in helping Saxet create significant value in the minerals space,” said Saxet President Robert E. O’Brien. “We look forward to Post Oak’s continued insights and support as we build the Saxet III minerals portfolio.”

“Securing mineral and royalty interests is an integral part of the E & P industry and we recognized early on that Saxet’s approach and experience would uniquely position Post Oak’s portfolio,” said Post Oak Managing Director Frost Cochran. “While more players have entered the minerals space since we partnered in forming Saxet I, we are confident that Robert and team will continue to differentiate themselves and drive returns.”

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