NGP and Wing Resources Announce Formation of Wing Resources VIII, LLC with $100 Million in Equity Commitments

DALLAS–(BUSINESS WIRE)–Wing Resources VIII, LLC (“Wing VIII”) is proud to announce the formation of its newest mineral and royalty acquisition platform, backed by $100 million in equity commitments from NGP Royalty Partners III, L.P., the latest NGP fund focused exclusively on acquiring mineral and royalty interests.

Founded and led by President and CEO Nick Varel, Wing VIII builds on the success of its predecessors, continuing the firm’s mission to acquire high-quality mineral and royalty interests across the Permian Basin—the most prolific oil and gas region in North America. Today, Wing Resources manages more than 3,000 horizontal wells across the Midland and Delaware Basins, making it one of the largest private holders of mineral and royalty interests in the basin.

“We’re excited to continue our partnership with NGP and launch Wing VIII with fresh capital and renewed momentum,” said Varel. “Our track record speaks for itself—our team’s deep technical and transactional expertise, paired with patient capital and long-term vision, allows us to offer mineral and royalty owners competitive, upfront value in a market where certainty and speed matter.”

With over 70 years of combined experience, Wing’s leadership team has consistently demonstrated an ability to execute complex acquisitions, manage a high-quality asset base, and deliver superior risk-adjusted returns to stakeholders.

About Wing Resources

Founded in 2016, Wing Resources is a mineral and royalty acquisition firm focused exclusively on the Permian Basin. Backed by NGP, Wing distinguishes itself through its long-term investment horizon, large-scale capital resources, and deep industry expertise. The company provides mineral and royalty owners with upfront, lump-sum payments—offering an attractive alternative to the uncertainty of declining monthly royalty checks.

About NGP

NGP is a premier private equity firm that believes energy is essential to progress. Founded in 1988, NGP is moving energy forward by investing in innovation and empowering energy entrepreneurs in natural resources and energy transition. With over $24 billion of cumulative equity commitments, we back portfolio companies focused on responsibly solving and securing the energy needs of today and leading the way to a cleaner, more reliable, more affordable energy future. For more information, visit www.ngpenergy.com