An aerial view shows storage tanks at the sprawling BP refinery in Whiting, Indiana, Sept. 8, 2026.
Scott Olson | Getty Images
A version of this article first appeared in CNBC’s Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Ultra-high-net-worth investors and family offices are showing more interest in mineral rights and other oil and gas assets, driven by the energy pressures of the Iran war and the artificial-intelligence boom, according to investment advisors. But it has become harder to find deals at attractive valuations due to increased competition from institutional investors and private-equity firms, they said.
Family offices were able to make opportunistic plays in oil and gas in the years after the Covid pandemic as traditional investors backed away from the sector due to pressure from environmentally conscious stakeholders….
