To make fair buys on quality properties and not great buys on fair properties.
The Permian Basin Acquisition Fund (PBAF) is an oil & gas investment company specializing in the acquisition of minerals & royalties. The company was founded in 1988 and is located in Midland, Texas. Since 1988 PBAF has been a leading purchaser of minerals in Texas and other producing states.
PBAF offers the individual mineral owner easy access to converting his properties into cash. Our experience and staff allows us to provide prompt evaluations and expeditious closings at no cost to the seller. We have a high number of repeat customers with whom we have closed multiple transactions. Some of those transactions have been with major oil companies, oil and gas attorneys, engineers, geologists, landmen and independent operators. In addition we have acquired properties from politicians, movie stars and members of the Forbes 400.
In 2001 PBAF became General Partner of a Limited Partnership that acquires minerals and royalties for long-term investment. Due to the rates of return acceptable to our partners we are able to offer aggressive valuations for your producing and non-producing properties.
Kyle Stallings is the managing partner and co-founder of Permian Basin Acquisition Fund. He began his career with Hunt Energy Corp. in 1979 and started his own company in 1981. He is a former member of the Regional Board of Governors of the Permian Basin Region of the Independent Petroleum Association of America (IPAA) and a current member of the Governor's Business Council of Texas.
Buddy Gieb is the acquisition manager of Permian Basin Acquisition Fund. He began his career with Transcontinent Oil Co. in 1981 and joined PBAF in 1989. He is a member of the American Association of Petroleum Landmen.