Buckhorn Resources, LP

Buckhorn Resources, LP provides discretionary investment management to a series of affiliated private pooled funds (Buckhorn Minerals II–VII) that invest in mineral interests and related assets. Its investors are limited partners — including high‑net‑worth individuals, family offices and institutional investors — and the firm does not offer individualized advisory services to those investors.

The firm seeks to aggregate minerals and royalties in areas of active oil and gas development, using technical and financial analysis to target low‑breakeven, potentially high‑return opportunities and to maximize resource potential per acquired acre. Valuation emphasizes production history, lease terms, operator quality and discounted estimates of future cash flow.

Buckhorn is distinctive for its focus on the smaller, less‑efficient segment of the minerals and royalties market and for managing multiple affiliated pooled vehicles with carried‑interest compensation and the ability to grant side‑letter preferential terms to certain investors. The brochure also highlights alignment of interests through substantial personal investments by the principal, the firm’s transition from exempt reporting adviser status to SEC registration in June 2025, and its decision to arrange GAAP audits (rather than surprise custody verifications) while updating disclosures on emerging risks such as AI, AML and Regulation S‑P.