1992
Saxet Petroleum, Inc., is founded in Houston, centered on domestic oil and gas exploration and development projects on the onshore Gulf Coast and South Texas, and ultimately monetized its asset base in ideal market conditions.
1998
Saxet Petroleum, Inc., partners with Quantum Energy Partners, a leading private equity provider, to form Saxet Energy, Ltd., focused on generating, operating, and developing oil and gas exploration projects.
2003
Saxet Petroleum, Inc., forms Royalty Interests Partnership, LP, for the acquisition and management of minerals/royalties in South Texas.
2004
Saxet Energy, Ltd., is sold, resulting in successful investment returns for both parties.
2005
Saxet Petroleum, Inc., forms Saxet Energy II, LP, with private partners to participate in non-operated exploration and development projects on the onshore Gulf Coast and South Texas.
2008-09
Saxet Petroleum, Inc., shifts its focus from exploration and production to mineral/royalty acquisition.
2010-13
Saxet Energy II, LP, sells all its oil and gas properties and ultimately dissolves the partnership.
Royalty Interests Partnership, LP, is restructured as an ongoing mineral/royalty acquisition vehicle.
Saxet Petroleum, Inc., forms Royalty Interests Partnership II, LP, for the acquisition and management of minerals/royalties.
2014
Royalty Interests Partnership II, LP, and Royalty Interests Partnership, LP, merge with Royalty Interests Partnership, LP, being the surviving entity.
Saxet Petroleum, Inc., partners with Post Oak Energy Capital, a leading private equity firm, to form Saxet I Minerals, LLC.
2014-16
Royalty Interests Partnership, LP, and Saxet I Minerals, LLC, acquire minerals/royalties in multiple basins throughout the United States.
2017
Saxet Petroleum, Inc., completes the final acquisition for Saxet I Minerals, LLC, and RIP, LP. All committed capital has been successfully invested.
Saxet Petroleum, Inc., and Post Oak Energy Capital form second generation investment vehicle, Saxet II Minerals, LLC.
Saxet Petroleum, Inc., forms RIP3, LP, to co-invest alongside Saxet II Minerals, LLC.
2Q18
Saxet II Minerals, LLC, successfully invests all committed capital.
3Q18
Saxet Petroleum, Inc., and Post Oak Energy Capital form third generation investment vehicle Saxet III Minerals, LLC, which will co-invest alongside RIP3, LP.
Now
Saxet III Minerals, LLC, and RIP3, LP, are focused on the acquisition of minerals/royalties in multiple basins throughout the United States.