Resource Royalty Announces Record Year – 3 Offerings Closed
Resource Royalty, LLC Announces Bob Howard, Chairman and Beth Good, CEO
September 29, 2022
Resource Royalty, LLC, a Dallas-based sponsor of oil and gas royalty offerings since 2010, has announced the closing of its 19th portfolio, RR XVIII.
March 31, 2023
DALLAS, TX – Resource Royalty, a Dallas based sponsor of oil and gas royalty offerings since 2010, recognizes 2022 as a record year for the firm.
Beth Good, CEO, stated, “We are pleased to report that 2022 was a great year for Resource Royalty. We closed three offerings, made quarterly distributions on 17 portfolios, and welcomed many new broker dealers to our selling group.”
A general softening in some financial sectors may be contributing to investors disposing of appreciated real estate in lieu of an asset that will generate substantial cash flow and a hedge against rising inflation concerns.
Good added, “Minerals are a great alternative to traditional brick-and-mortar assets typically used in 1031 exchanges, which certainly contributed to our record year. Our firm continues to position itself to meet the demands of investors by utilizing a compelling 1031 like-kind exchange provision approach to energy investing.”