The Herald’s Dan Healing introduces Reserve Royalty Income Trust today in the paper.

CALGARY — Veteran Calgary oilmen Rick (Buck) Braund and Randy Best are on the hunt for assets to feed their latest venture, a private royalty income trust founded just over a year ago.

In a news release late Tuesday, Reserve Royalty Income Trust said three recent purchases for $105 million have allowed it to grow to 2,300 barrels of oil equivalent per day of liquids-rich natural gas and oil.

“RRIT welcomes communication from entities or private interests who may wish to divest and monetize producing royalty assets, undercapitalized oil and gas opportunities or non-operated working interests,” it said in its release.

Read the whole article here, or download the PDF.