Fort Worth, Texas (PRWEB) August 31, 2012
Clear Fork Royalty, LLC, a Fort Worth, Texas based oil and gas company that specializes in the acquisition of mineral rights, royalties, and working interests, announces the establishment of Clear Fork Royalty II, LP. Following the success of the company’s first fund, Clear Fork Royalty Fund, LP, the partners have organized their second limited partnership with a target size of $20 million. Clear Fork Royalty, LLC's current general partners Michael P. DeWoody, Joseph P. DeWoody, Ryan Haggerty, and Doug King are also excited to announce two new additions to the team.
Hunter Allen, Clear Fork Royalty II, LP's newest partner, has deep roots in the oil and gas industry through his family’s production company, Eland Energy, Inc. Hunter recently was with Hillwood Energy, a Perot company, and was responsible for overseeing the purchase of a variety of oil and gas property interests including leasehold, working interests, mineral and royalty interests, drilling locations, and pipeline right-of-way. “Hunter’s experience brings a successful history and knowledge of oil and gas acquisitions to our team. He has a keen understanding of production analysis and industry experience that will add value to our current acquisition strategy,” says Ryan Haggerty.
Additionally, Chase Bechtel joins Clear Fork Royalty II, LP to work with its acquisitions and business development teams. Chase recently worked as an investment broker for Marcus & Millichap Real Estate Investment Services where his primary responsibility was to manage the acquisition and disposition of real estate properties for high net worth investors. “Chase brings a lot of drive and enthusiasm to our acquisitions team. His ability to leverage connections and relationships will also play a valuable role in our business development,” says Joseph P. DeWoody.
CLEAR FORK ROYALTY II, LP: is being formed to acquire mineral rights, royalty interests, leasehold and working interests in various productive basins throughout the United States. The company’s management team has over 100 years in the oil and gas industry and currently manages interests in 93 counties across 16 states. The company has developed a proprietary mineral acquisition strategy by leveraging their many years of combined industry experience and strategic relationships with multiple oil and gas exploration and production companies, geologists, petroleum engineers and land professionals. Clear Fork Royalty, LLC employs an experienced acquisition team that works diligently with sellers to make their experience hassle-free and profitable.