Private equity firm NGP has committed to back Luxe Minerals with $254 million in funding to acquire mineral rights in tight oil basins onshore US.
Luxe Minerals will be run by management of Luxe Energy, which recently garnered $524 million from NGP and Luxe management to seek acquisitions in the Midland, Delaware, Scoop/Stack, Eagle Ford, Bakken, Powder River and Denver-Julesburg tight oil plays.
"We
