Viking Minerals Announces $40 Million Final Close of Fund VI

The company doubles the size of its previous fund with 26% already allocated

OKLAHOMA CITY, Sept. 10, 2025 /PRNewswire/ -- Viking Minerals, LLC, a leading mineral acquisition company based in Oklahoma City, today announced the close of its sixth investment fund at $40.58 million—more than double the size of its previous fund. At closing, Viking had already allocated approximately $13 million, or 26% of committed capital, signaling the firm's consistent ability to deploy capital into high-quality assets despite a challenging industry environment.

"Fund VI marks an important milestone for Viking," said Ransome Oliver, Co-President and CEO of Viking Minerals. "While many are struggling to make quality investments, we are deploying capital efficiently into premier mineral assets. Our expanding team and strong pipeline allow us to move decisively, creating significant advantages for our investors."

The closing of Fund VI comes at a time when many peers are facing mounting challenges. Viking Minerals, by contrast, has more than tripled the size of its acquisitions team, enabling the company to evaluate thousands of opportunities and execute on those with the strongest fundamentals. This capability, combined with the company's disciplined approach and technical expertise, has positioned Viking favorably in today's environment.

Viking's success is reinforced by market dynamics that increasingly reward experience and scale, specifically in underwriting. As barriers to entry rise and valuation methodologies become more sophisticated, some aggregators are finding it more difficult to compete. Viking's ability to aggregate and incubate mineral portfolios with embedded value has set it apart, creating momentum not only for Fund VI but also for future investment vehicles.

"Viking's strong fundraising and accelerated deployment build on a track record that now spans more than $100 million in investments and four fully realized funds," Oliver said. "With dry powder available and a quality pipeline already identified, we are well positioned to continue generating returns for our investors while capitalizing on the perceived scarcity of quality opportunities in minerals and royalties."

That track record includes more than $124 million in total returns on $66 million invested, with an average 19.5% IRR, 18% annual yield, and 1.86x MOIC across Viking's first four funds. This history of consistent performance, combined with the firm's disciplined approach, underscores Viking's reputation as one of the most reliable operators in the minerals and royalties sector.

About Viking Minerals
Viking Minerals, LLC is a mineral acquisition company based in Oklahoma City. Established in 2012 as an acquirer of minerals and royalties in Oklahoma, Viking has since expanded its operations throughout multiple basins nationwide. The company's ongoing focus is to deepen its portfolio via acquisitions in all major plays, with specific attention to the Permian Basin, Eagle Ford, Midcontinent, and Haynesville shales. For more information, visit https://vikingminerals.com.

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SOURCE Viking Minerals