Cornerstone Announces Thomas Kim, Ph.D. as Strategic Advisor






August 3, 2017 – Cornerstone Acquisition and Management Company LLC, Investment Manager of the Caritas Royalty Funds, has named Thomas Kim as Strategic Advisor to the firm’s fund development and operations division. In this newly created role, Kim will focus on the firm’s existing oil and gas royalty strategy and help provide fully customized portfolios to high net worth, family […]

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Cornerstone Acquires Cobra Petroleum Company, LP for $19 Million






On October 28, 2016, Cornerstone Acquisition & Management Company, LLC acquired Cobra Petroleum Company, LP for $19 million dollars. This acquisition came to us through a private negotiation that began in early September 2016 (when WTI was priced in the low $40’s) with an effective date of October 1, 2016.   Highlights of the portfolio include the following: Mineral and/or […]

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Cornerstone Acquires Oil & Gas Interests for $29 Million






On December 15, 2015, Cornerstone Acquisition & Management Company, LLC acquired a mineral, royalty and overriding royalty portfolio for $29 million dollars from Shell . The portfolio holds interests in several hundred producing oil and gas wells spanning forty counties throughout eight states and multiple prolific basins. The assets possess attractive diversity in terms of commodities produced as well as […]

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Cornerstone Attends Exclusive Dinner Honoring Xi Jinping, President, People’s Republic of China

September 22, 2015
Cornerstone Attends Dinner Honoring Xi Jinping, President, People’s Republic of China

 

Cornerstone was in attendance at the Westin Hotel in Seattle, Washington as part of the National Committee on United States – China Relations reception and dinner honoring Xi Jinping on September 22, 2015. Cornerstone representatives had the honor of sitting at the head table alongside: President Xi Jinping, the People’s Republic of China (PRC) dignitaries, United States political leaders, and other top corporate executives during the exclusive event to welcome the Chinese delegation to the United States ahead of His Excellency’s visit to Washington D.C. Xi Jinping’s 40-minute address was accompanied by the following speakers: Henry Kissinger (former Secretary of State), Penny Pritzker (US Secretary of Commerce), Jay Inslee (Governor, State of Washington), and Mark Fields (President & CEO, Ford Motor Company).

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Other notable attendees at the head table included:

  • Dennis Muilenburg, President & CEO, The Boeing Company
  • Bill Gates, Co-Chair & Trustee, Bill & Melinda Gates Foundation
  • Andrew Liveris, President, Chairman & CEO, The Dow Chemical Company
  • Ellen Kullman, Chairman & CEO, DuPont
  • John Bilbray, Chairman & CEO, The Hershey Company
  • Virginia Rometty, Chairman, President & CEO, IBM
  • Satya Nadella, CEO, Microsoft
  • John Chen, CEO, Blackberry Ltd.
  • Howard Schultz, Chairman & CEO, Starbucks Coffee Company
  • Steve Mollenkopf, CEO, Qualcomm
  • Minister Wang Yi, Chinese Minister of Foreign Affairs
  • Hank Paulson, Chairman, Paulson Institute
  • Jerry Brown, Governor, State of California
  • Rick Snyder, Governor, State of Michigan
  • Terry Branstad, Governor, State of Iowa

 

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Cornerstone Sells Oil & Gas Interests Valued at $162.5 Million






On November 10, 2014, Cornerstone Acquisition & Management Company, LLC closed a $162.5 million dollar sale of oil and gas mineral, royalty and overriding royalty assets with Haymaker Minerals & Royalties, LLC in a privately negotiated sale. The divested portfolio consists of properties spanning 20 states and approximately 370 counties acquired over the course of ten years. Cornerstone’s management has […]

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