Royalty Management Corp, trading on the Nasdaq under the symbol RMCO, is a closed-end management investment company focused on acquiring net revenue interests in upstream oil and gas properties. Since commencing operations in early 2022, the company has pursued a strategy of purchasing royalty and other mineral interest streams to generate predictable, long-term cash flows. By specializing in royalty-based assets, Royalty Management seeks to minimize operating risk while capturing value from production volumes and commodity price exposure.
The company’s core business activities center on acquiring overriding royalty interests (ORRIs), gross overriding royalties (GORRs), and other net revenue interests in producing and newly drilled wells. Royalty Management targets assets across key North American basins—including the Permian, Williston, Anadarko, Marcellus, and Eagle Ford—where established infrastructure and strong operator presence support reliable production. Through direct negotiations with independent producers, broker networks, and private equity partners, the company builds a diversified portfolio of royalties spanning conventional and unconventional reservoirs.
In addition to its oil and gas holdings, Royalty Management selectively expands into mineral and mining royalties, allowing for exposure to metals and other commodities. This diversification helps balance the portfolio’s sensitivity to energy price cycles and regional production trends. The company also pursues small-to-mid-sized royalty transactions that align with its disciplined underwriting criteria, aiming to secure assets with favorable decline curves and stable cash distributions.
Headquartered in Houston, Texas, Royalty Management is led by Chief Executive Officer David Bowling and Chief Financial Officer Jennifer Smith, supported by a board of directors with decades of upstream and capital markets experience. Under this leadership team, the company emphasizes rigorous due diligence, active asset management, and a conservative approach to leverage. By focusing on recurring royalty income and geographic diversification, Royalty Management endeavors to deliver steady value creation for its shareholders over the long term.
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