Noble Royalties
- Company typePrivate
- Founded1997
- HeadquartersAddison, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
Noble Royalties firmographics
Firmographics- Name
- Noble Royalties
- Legal name
- Noble Royalties, Inc.
- Website
- https://nobleroyalties.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Noble Royalties industry classification
Industry- Product category
- Oil and Gas Mineral and Royalty Acquisition
- SIC
- Mineral Royalty Traders (6795), Oil Royalty Traders (6792)
- akta.pro primary industry
- Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties) (FSAHAIAL)
Keywords
Where Noble Royalties is headquartered
LocationHeadquarters
- HQ city
- Addison
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Noble Royalties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Mineral and Royalty Acquisitions: NRI acquires mineral rights, royalties, and overriding royalty interests (ORRI) from property owners, building portfolios that generate recurring revenue from oil and gas production. The company purchases these assets at negotiated prices and earns returns through the ongoing royalty payments.
- Asset Management Services: Compass Royalty Management handles all aspects of mineral right and royalty asset management including revenue processing, Ad Valorem tax payments, division orders, leasing activities, and monthly distributions to investors. Revenue is generated through fees charged to investors for these management services.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Noble Royalties product offering
Product offeringCore offering
Noble Royalties acquires mineral, royalty, and overriding royalty (ORRI) interests in U.S. oil and gas properties on behalf of institutional and private clients, building diversified portfolios across 30 states and 9 million acres. Through its affiliate Compass Royalty Management, it provides ongoing asset management — revenue processing, division orders, Ad Valorem tax payments, leasing, and monthly distributions to investors. A separate advisory arm, Noble Capital Markets Group, provides guidance on oil and gas mineral ownership and investments.
Product overview
Noble Royalties operates as a unified mineral and royalty investment platform comprising three main components: Noble Royalties, Inc. (the core company handling acquisitions of minerals, royalties, and ORRI), Compass Royalty Management (the asset management and reporting arm that handles revenue distribution, division orders, and tax documentation for investors), and Noble Capital Markets Group (advisory services for mineral ownership). The company also operates Belvedere Royalties, LLC as a joint venture with a global private equity firm.
Differentiator
Problem solved
Functional benefit
Brands
- Compass Royalty Management: Institutional management for the retail investor. Handles all aspects of mineral right and royalty asset management including revenue production management, Ad Valorem taxes, division orders, leasing, and monthly revenue distributions.
- Noble Capital Markets Group
- Belvedere Royalties, LLC
Products and services
- Noble Royalties, Inc. (Mineral and Royalty Acquisition) Acquisition service that buys mineral, royalty, and overriding royalty (ORRI) interests in U.S. oil and gas properties, building diversified portfolios across 30 states, 9+ million acres, and 90,000+ wells for institutional and private clients.
- Compass Royalty Management Institutional asset management service for retail investors and mineral/royalty owners that handles revenue production management, Ad Valorem tax payments, division orders, leasing, and monthly revenue distributions, with monthly checks and year-end tax documents.
- Noble Capital Markets Group Advisory services that act as trusted advisors for oil and gas mineral ownership and investments, supporting clients on transactions, ownership transitions, and portfolio decisions.
- Belvedere Royalties, LLC Private equity-backed joint venture with a global private equity firm for mineral and royalty acquisitions, providing an institutional vehicle for deploying capital alongside NRI.
Quantifiable outcome
- $3.3 billion distributed to investors across 86 completed funds
- +1 more outcomes
Companies that use Noble Royalties
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Noble Royalties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Noble Royalties partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Compass Royalty ManagementcoreAffiliate company that handles all aspects of mineral right and royalty asset management including revenue processing, Ad Valorem taxes, division orders, leasing, and investor distributions. Provides institutional-quality management for retail investors.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Noble Royalties competitors and assessment
Company assessmentDirect peers
- Texas Pacific Land Corporation: Large Texas-focused landowner with significant oil, gas, and royalty interests. Comparable as a long-duration holder of mineral and royalty assets with institutional-grade asset management and a US-focused footprint.
- Dorchester Minerals, L.P. Public MLP owning working interests, royalty interests, and overriding royalty interests across US properties. Operates a similar non-operated mineral/royalty acquisition strategy with diversified asset base.
- Kimbell Royalty Partners, LP: Public oil and gas royalty company with diversified mineral and royalty interests across US basins. Closely aligned business model of acquiring and managing non-operated mineral and royalty assets with institutional capital partners.
- Sitio Royalties Corp. Public oil and gas mineral and royalty company that acquired Blackstone's NRI portfolio (originally Noble's $800M exit). Operates the same non-participating royalty and mineral interest model with a US-centric asset base, directly comparable in scope and strategy.
- Black Stone Minerals, L.P. One of the largest US owners of oil and gas mineral interests, structured as a master limited partnership. Directly competes for mineral and royalty acquisitions across the same US basins and serves a similar mix of institutional and retail investors.
- Viper Energy Partners LLC: Public subsidiary of Diamondback Energy focused on owning and acquiring oil and gas mineral interests in the Permian Basin. Directly comparable in its acquisition-driven royalty strategy and operator-relationship model.
Broad incumbents
- Royal Gold, Inc. Public precious metals streaming and royalty company with growing oil & gas royalty exposure. Comparable as an established incumbent using capital partnerships and streaming/royalty structures to acquire resource rights, though more weighted toward metals.
- Franco-Nevada Corporation: Large, diversified royalty and streaming company with precious metals and oil & gas interests. Operates a broader portfolio across commodities and geographies than Noble, but represents an analogous institutional capital platform for royalty and streaming assets.
Emerging players
- Hannover Royalties LLC: Private royalty and mineral acquisition firm providing flexible capital solutions to operators and mineral owners. Comparable as a private competitor pursuing similar asset acquisitions with institutional capital.
- Falcon Minerals Corporation: Formerly focused on mineral and royalty interests across US basins (merged with Desert Peak Minerals). Represents a smaller-scale royalty aggregator with overlapping strategy and target asset class.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Noble Royalties social profiles
Digital presenceNoble Royalties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Noble Royalties leadership team
Management profileNumber of profiles
Profiles7 records
Noble Royalties subsidiaries and ownership
Company hierarchySubsidiaries2 records
Noble Royalties funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Noble Royalties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Noble Royalties
What does Noble Royalties do?
Noble Royalties acquires mineral, royalty, and overriding royalty (ORRI) interests in U.S. oil and gas properties on behalf of institutional and private clients, building diversified portfolios across 30 states and 9 million acres. Through its affiliate Compass Royalty Management, it provides ongoing asset management — revenue processing, division orders, Ad Valorem tax payments, leasing, and monthly distributions to investors. A separate advisory arm, Noble Capital Markets Group, provides guidance on oil and gas mineral ownership and investments.
Is Noble Royalties a public or private company?
Noble Royalties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Noble Royalties founded?
Noble Royalties was founded in 1997. It employs 101 to 250 people.
Where is Noble Royalties based?
Noble Royalties is headquartered in Addison, United States, in the North America region.
How does Noble Royalties make money?
Two revenue lines are on record. Mineral and Royalty Acquisitions are the primary driver. The others are asset Management Services.
Who are Noble Royalties's main competitors?
Direct peers on record are Texas Pacific Land Corporation, Dorchester Minerals, L.P., Kimbell Royalty Partners, LP, Sitio Royalties Corp., Black Stone Minerals, L.P. and Viper Energy Partners LLC. Broad incumbents are Royal Gold, Inc. and Franco-Nevada Corporation. Emerging players are Hannover Royalties LLC and Falcon Minerals Corporation.
Does Noble Royalties have an API?
No public API is recorded for Noble Royalties.
What industry is Noble Royalties in?
Noble Royalties's product category is Oil and Gas Mineral and Royalty Acquisition. Its primary akta.pro industry code is FSAHAIAL, Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties). Its SIC code is 6795.