News Releases

Baker Botts Represents Saxum Energy Partners LLC in Acquisitions of Mineral and Royalty Interests


Deal description: Saxum Energy Partners LLC (“Saxum”) announced the final closing of its inaugural partnership, Saxum Energy I LP (the “Partnership”), at its hard cap of $435 million of equity commitments. Saxum also announced it has fully invested the Partnership with the recent acquisition of a Permian Basin mineral and royalties position, as well as the Partnership’s previous acquisitions in the Haynesville Shale. Saxum is led by Jim Mutrie, Cole Robertson and Josh Rosinski, former public and private oil and gas company and private equity executives.

Saxum launched the Partnership in September 2022, and has acquired assets in the core of the Permian Basin and Haynesville Shale. The Partnership’s portfolio is comprised primarily of mineral/royalty interests in the Permian Basin, under operators such as ExxonMobil, Pioneer, Diamondback, Occidental, ConocoPhillips, Endeavor and Permian Resources, and in the Haynesville, under Southwestern, Comstock, Chesapeake and Aethon. 

Baker Botts acted as transaction counsel to the Partnership.

Baker Botts Lawyers/Offices Involved:

Corporate: Larry Hall (Partner, Dallas)

Tax: Steve Marcus (Partner, Dallas), Matt Larsen (Partner, Dallas), Chad Sillman (Associate, Houston)

Global Projects: Paul Luther (Partner, Washington, D.C.), Brittany Dudley (Associate, Dallas), Andrew Crayden (Associate, Houston), Alexander Reinert (Associate, Washington, D.C.)

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