DALLAS–(BUSINESS WIRE)–Elk Range Royalties (“Elk Range”) is pleased to announce its acquisition of Newton Financial Corporation, LP, Concord Oil Company, LP, and Mission Oil Company, (“Newton/Concord”) who collectively own a substantial mineral and royalty interest asset spanning the Permian and Eagle Ford basins. This strategic transaction expands Elk Range’s footprint across premier oil and gas producing regions in Texas. The acquisition includes approximately 13,500 net royalty acres (NRA)