Description of Companies

Presta Petroleum LLC concentrates on owning and acquiring long-life non-operated working interests in Texas, Oklahoma, and North Dakota. Some of Presta Petroleum’s largest properties are the North Robertson Unit in Gaines County TX, the Howard Glasscock Unit on the Howard County and Glasscock County line, and the Hawkins Unit in Wood County, TX.  Presta Petroleum has also recently participated in successful horizontal drill wells in Loving County and plans on participating in a horizontal drilling projects in Upton County, Gaines County, and Eddy County, NM. 

Presta Royalty LLC is focused on building a portfolio of mineral interests and royalties in  Texas, Oklahoma, and North Dakota. Since its formation Presta Royalty has been one of the most active acquirors in both Texas and Oklahoma. Along with a robust unconventional mineral position in the  Perminan Basin and the Anadarko Basin, Presta Royalty owns royalty interests in some of the largest tertiary recovery projects in the lower 48, including the Yates Field, the SACROC Unit, and the Hawkins Unit.

In 2022, Presta ELSR LP was pleased to purchase the partnership units of ELSR, LP. This partnership is a historic company founded in the early 1950s, that focused on purchasing minerals in Texas, North Dakota, and Oklahoma. ELSR LP’s three most significant  Texas counties are Midland, Reeves, and Loving counties. In North Dakota ELSR LP’s assets are concentrated in McKenzie County.  In Oklahoma, Garvin County, Blaine County, and Stephens County are the three highest revenue generating counties.