Four Basins. One Standard.

Permian Basin

West Texas

The Permian remains the most productive and most actively developed basin in North America. Hadrian focuses on Midland and Delaware sub-basin acreage with demonstrated lateral productivity, strong operator programs, and multi-zone stacking potential. We have evaluated more transactions in the Permian than any other basin and maintain deep familiarity with its royalty and title landscape.

Delaware Basin

West Texas / New Mexico

The Delaware sub-basin spans the Texas-New Mexico border and has emerged as one of the most capital-efficient development plays in the country. We target mineral and working interest positions under operators with proven completion designs and consistent type curve performance. New Mexico's royalty framework and regulatory environment are well understood by our team.

DJ Basin

Colorado

The DJ Basin offers a mature, well-characterized development program anchored by the Niobrara and Codell formations. Civitas and Chevron operate the majority of active development, and their completion programs are among the most consistent in the basin. We evaluate DJ positions with particular attention to surface use agreements, setback regulations, and the evolving Colorado regulatory environment.

Powder River Basin

Wyoming

The Powder River Basin is an emerging unconventional play with multiple stacked targets and a long runway of development ahead. We approach PRB acquisitions with a longer time horizon and higher geological scrutiny than our other basins, given the earlier stage of development. Wyoming's mineral title framework is straightforward, and the basin's operator base is consolidating around a small number of well-capitalized programs.