Royalty Fund III

Rising Phoenix Royalty Fund III, LP is a diversified royalty fund consisting of 27 unique mineral and royalty assets strategically located across multiple oil and gas basins in the U.S. The fund has successfully reached 100% capital return to investors and is now distributing profits. The projected multiple on invested capital (MOIC) is estimated between 1.82x and 2.0x, driven by both strong cash flow and successful divestitures.
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The portfolio includes:

• Barnett Shale (TX): A cornerstone BKV Barnett-operated asset delivering exceptional performance and flush production from recent wells
  
• Marcellus Shale (PA): Assets under major operators including Equinor, Chesapeake, CNX, and Antero Resources
  
• Permian Basin (Yoakum County, TX & Howard County, TX): Royalty interests under VITAL Energy and others, including successful sales and continued buyer demand
  
• DJ Basin (Weld County, CO): Core holdings in a highly active basin
  
• Haynesville Shale (LA): Exposure in Bossier and Bienville Parishes operated by Comstock and Petrochem
  
• Woodford Shale (OK): Strategic royalties in this prolific gas window
  
• Deep Madden (WY): A conventional high-pressure gas play in central Wyoming
  
• Yegua Formation (Hardin County, TX): Conventional assets offering unique exposure
  

Several assets have already been successfully sold via negotiated sales and auction platforms, and others—including additional BKV Barnett wells and EQT/CNX acreage in Appalachia—are currently being marketed. New permits and development activity continue to emerge across the fund’s remaining holdings.