Carrollton Mineral Partners

What Carrollton Mineral Partners does

Carrollton Mineral Partners (CMP) is a Dallas-based private fund manager that acquires non-producing lease, royalty, and mineral interests in emerging oil and gas resource plays for its own account, with a stated view toward long-term ownership. Founded in 2009 by Bo Howard and Pat Bolin — both 40-year oil and gas veterans with prior E&P leadership experience — CMP positions itself as the direct "end-user" acquirer rather than a broker, middle-man, or aggregator. The firm operates from its Dallas headquarters at 5949 Sherry Lane, Suite 1850, holds assets across six U.S. basins, and is currently concentrated in the Permian Basin (Delaware and Midland sub-basins), targeting undeveloped acreage with near-term horizontal drilling potential. Its customer base consists of mineral and royalty interest owners seeking liquidity or partial monetization; acquisitions are sourced through direct outreach, founder and team relationships, and a website/phone funnel rather than intermediaries.

CMP's underlying operating capability is a proprietary data analytics platform built around GIS, database management, and custom software development, led by a dedicated technology lead hired in 2016. This platform supports technical and geologic analysis combined with market insight to underwrite acquisitions and manage the portfolio, with current cash flow explicitly not a mandatory acquisition criterion — the emphasis is on near-term reserve growth potential. The firm is closely affiliated with Eagle Oil & Gas Co., a strategic partner co-founded by Pat Bolin and Warren Ayres that has generated and developed over 200,000 acres of Permian prospects and currently holds assets in 12 states.

The business model generates returns through long-term appreciation of mineral assets, cash flow from royalty interests, and selective monetization when market opportunities are compelling. CMP partners with institutional and family office investors on opportunities of substantial scale and benefits from co-founder capital backing. Marketing is relationship-driven; pricing for individual acquisitions is not publicly disclosed. The 11-50 person team includes senior leadership across operations, land, technology, business development, and corporate development, with several recent hires strengthening capital formation and land administration functions.

Name

Carrollton Mineral Partners

Legal name

Carrollton Mineral Partners

Website

https://carres.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Carrollton Mineral Partners is a Dallas-based private fund manager that acquires non-producing mineral, royalty, and lease interests in emerging U.S. oil and gas resource plays for long-term ownership, currently focused on the Permian Basin.

Ownership category

akta.pro rank

Product category

Mineral Rights Acquisition

NAICS

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533)

SIC

Mineral Royalty Traders (6795), Oil Royalty Traders (6792)

akta.pro primary industry

Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties) (FSAHAIAL)

akta.pro secondary industry

Mineral Rights, Leasing & Land Management (EUALAAAB)

Keywords

• Mineral rights acquisition
• Royalty interest investing
• Oil and gas minerals
• Permian Basin assets
• Non-producing lease acquisition

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mineral and Royalty Interest Acquisitions: CMP acquires mineral and royalty interests for long-term ownership and portfolio management. The company generates returns through appreciation of mineral assets, cash flows from royalty interests, and selective monetization when opportunities are compelling. Revenue is derived from the underlying production value of owned mineral and royalty interests rather than transactional fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Carrollton Mineral Partners acquires non-producing lease, royalty, and mineral interests in emerging U.S. oil and gas resource plays for its own account with a view toward long-term ownership. The firm acts as the end-user/purchaser rather than a broker, middle-man, or aggregator, and currently concentrates its acquisitions in the Permian Basin (Delaware and Midland sub-basins) while owning assets across six basins. Returns are generated through long-term mineral ownership, royalty cash flows, and selective monetization of assets in its managed funds.

Product overview

Carrollton Mineral Partners (CMP) operates as a mineral and royalty interest acquisition firm, not a technology product company. The company acquires non-producing lease, royalty and mineral interests in emerging oil and gas resource plays for its own account with a view toward long-term ownership. CMP is not a broker, middle-man or aggregator. The firm focuses primarily on the Permian Basin (Delaware and Midland Basins) and targets undeveloped assets with near-term horizontal drilling potential. The company utilizes internal data analytics, geographic information systems, and database management for investment decision-making, but these are internal operational capabilities rather than distinct product offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Mineral and Royalty Interest Acquisition Service Direct acquisition service in which CMP purchases non-producing lease, royalty, and mineral interests from mineral and royalty interest owners, primarily in the Permian Basin (Delaware and Midland) and across six basins overall, for long-term ownership and active portfolio management on behalf of its institutional and family office investors.
• Active Mineral Portfolio Management Ongoing management of acquired mineral and royalty portfolios for CMP's fund investors, including performance evaluation and selective monetization of mature mineral interests when opportunities are compelling, providing investors with long-term royalty cash flow and disciplined exits.
• Permian Basin Mineral Acquisition Service Targeted acquisition of undeveloped mineral and royalty interests in the core areas of the Delaware and Midland Basins of the Permian Basin, with emphasis on assets with near-term horizontal drilling potential and reserve growth.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Eagle Oil & Gas Co.coreStrategic or Co-development Partner · 1 January 2009Eagle Oil & Gas Co. is a closely affiliated company co-founded by Pat Bolin and Warren Ayres. Eagle has generated, developed, and sold multiple Permian Basin prospects totaling over 200,000 acres and remains active with assets in 12 states. Eagle and CMP share founders and operate in coordinated fashion in the oil and gas mineral space.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Dorchester Minerals: Public master limited partnership that owns and acquires producing and non-producing mineral, royalty, overriding royalty, and leasehold interests. Closely aligned with CMP's strategy of holding royalty/mineral interests for long-term cash flow, though Dorchester is more diversified across basins and asset vintages.
• Texas Pacific Land Corporation: Large publicly traded landowner and mineral/royalty owner in West Texas, with one of the largest concentrated mineral positions in the Permian Basin. TPL's royalty and mineral segment competes for the same class of Permian mineral assets that CMP targets.
• Kimbell Royalty Partners: Public mineral and royalty interest company with significant Permian Basin exposure alongside other U.S. basins. Kimbell acquires non-operated mineral and royalty interests using a buy-and-hold strategy closely mirroring CMP's model, with multi-basin diversification.
• Sitio Royalties Corp: Public Permian-focused mineral and royalty acquisition company (formed via merger of Brigham Minerals and Sitio Royalties). Competes directly with CMP for undeveloped mineral and royalty interests in the Delaware and Midland Basins using a similar acquisition-and-hold model.
• Viper Energy Partners: Public Permian-focused mineral and royalty platform owned by Diamondback Energy. Viper aggregates mineral interests across the Delaware and Midland Basins — the same core asset class and geography as CMP — through both acquisitions and drop-downs from its parent operator.
• Black Stone Minerals: One of the largest public mineral and royalty owners in the U.S., with material Permian exposure. Black Stone's strategy of acquiring and actively managing mineral rights for long-term cash flow is a direct comparable to CMP, only at significantly larger scale and public-market scale.

Broad incumbents

• Franco-Nevada Corporation: Large publicly traded royalty and streaming company with diversified exposure across precious metals, base metals, and oil and gas. Franco-Nevada's energy royalty portfolio includes Permian interests, making it a broader-scale incumbent analogous to CMP's royalty-ownership business model.
• Wheaton Precious Metals: Major publicly traded precious metals streaming and royalty company. While focused on mining rather than oil and gas, Wheaton is a structural comparable to CMP in that both monetize underlying resource production through long-duration royalty/streaming agreements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/carrollton-mineral-partners-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carrollton Mineral Partners