Mentor Capital Expanded Oil and Gas Interests in Permian Basin

SEATTLE (Oil Monster): In the West Texas region of the United States, Mentor Capital Inc. announced a major increase of its oil and gas holdings in the Permian Basin. The business made a significant acquisition by purchasing eight more lots of royalty interest participations. As a result, its total asset portfolio has increased by around 27.5%.

The purchase is in line with the business's continuous plan to grow and diversify its investments in conventional energy sources. The company's royalty streams will be greatly increased by the action. With the addition of the purchased properties, Mentor's portfolio in the Permian Basin now includes stakes in three sizable joint oil and gas projects, totaling about 131 producing wells with a considerable lifespan.

This is the business's second recent investment in oil interests in the Permian Basin. In addition to increasing the company's portfolio of traditional energy assets, the acquisition of new lots will guarantee a consistent flow of income. Additionally, it puts the business in a position to benefit from the vast energy resources of the area.

The growth is in line with Mentor's previously revealed plan to diversify its holdings and take advantage of long-term energy trends. It is anticipated that the company's strategic energy sector initiatives will yield significant profits for its stockholders.