Resource Royalty 28, LLC

Overview

Resource Royalty 28, LLC is not a Delaware Statutory Trust. It is an offering of undivided, non-possessory mineral Interests and non-participating royalty Interests in oil and gas properties, sold as “Direct-Title Units” at $100,000 each. Each investor receives a recorded mineral and royalty deed and becomes a co-owner of undivided interests alongside the other Interest Holders - there is no trust, no entity interest and no master lease. Resource Royalty 28, LLC is a Texas LLC formed 7 July 2026, a wholly-owned subsidiary of Resource Royalty, LLC, a Dallas oil and gas investment firm formed in 2010.

The portfolio: 14 deeded properties, 583.795 net royalty acres over 20,227 gross acres - an average royalty interest of 2.89% - across 7 counties in 2 states. Eleven properties sit in the Anadarko Basin of Oklahoma (STACK: Caddo, Canadian and Dewey Counties; SCOOP/Merge: Grady County; Western Anadarko: Custer County; Arkoma: Pittsburg County) and three in the Permian Basin of West Texas (Dawson County). 27 wells are currently producing, with 7 drilled-uncompleted, 2 drilling, 4 permitted, 17 filed to be drilled and 24 proven undeveloped locations. Operators named in the Executive Summary include Continental Resources, Flywheel Energy and Apache.

Zero debt. Quarterly distributions. Revenue runs from 1 July 2026 forward. The Royalties were acquired from unaffiliated companies, and only on private lands - the Offeror “will not use any of the funds of this offering for Royalties on state or federal lands,” which removes federal and state lease-renewal and permitting risk. Estimated remaining production life is “approximately 35 years, or more.”

Key highlights

• Fourteen deeded oil and gas mineral and royalty properties covering 583.795 net royalty acres over 20,227 gross acres in the Anadarko Basin of Oklahoma and the Permian Basin of Texas.
• $6,141,601 offering for 95% of the royalties, no debt, $100,000 minimum purchase.
• Investors take direct deeded title as co-owners of perpetual mineral and non-participating royalty interests, with no operating obligations; this is a Texas limited liability company, not a Delaware statutory trust.
• Quarterly distributions projected at 8.00% in the 2026 stub period and 10.00% in each of 2027 through 2030 under the Sponsor's base price assumptions, and at 1.93% to 3.50% under its low-price case; these are the Sponsor's projections and are not guaranteed.
• No fixed hold and no sponsor-controlled exit: each holder owns a deeded interest, may sell or exchange on their own timetable, and the manager cannot sell an interest without that holder's written consent.

Financials

Projected distributions

Year 1

8.00%

Year 2

10.00%

Year 3

10.00%

Year 4

10.00%

Year 5

10.00%

Projections from the sponsor’s offering documents. Distributions are not guaranteed and may be lower than shown or suspended. See the PPM for assumptions.

Property locations

14 deeded properties, 583.795 net royalty acres over 20,227 gross acres (avg 2.89% royalty). OKLAHOMA (11 properties, Anadarko Basin): Caddo, Canadian and Dewey Cos (STACK); Grady Co (SCOOP/Merge); Custer Co (Western Anadarko); Pittsburg Co (Arkoma). TEXAS (3 properties, Permian Basin): Dawson Co. PRIVATE LANDS ONLY - no state or federal leases. NOTE: Exhibit A, the list of properties and legal descriptions, is NOT in the document.

Documents

• Resource Royalty - Fund 28 - PPM Supplement #1
• Resource Royalty - Fund 28 - Executive Summary
• Resource Royalty - Fund 28 - PPM