Peregrine Energy Partners has concluded agreements to purchase a portfolio of operational and dormant oil and gas minerals and royalties in the US.
The acquisitions span multiple US counties across California, Colorado, New Mexico, Ohio, Texas and West Virginia, marking a considerable expansion of Peregrine’s mineral assets.
Peregrine managing director Josh Prier said: “We are fortunate these acquisitions came together as they did. We have collaborated with a diverse group of sellers, including small family offices seeking to reduce risk, professional aggregators using Peregrine as a strategic off-ramp and larger corporations divesting non-core properties to refocus their investments.
“Despite their varied motivations for selling, our commitment remains steadfast in providing clients with transparent and comprehensive information to ensure informed decision-making regarding their assets.”
The recently purchased properties encompass production from in excess of 1,100 operational wells, overseen by several of the industry's "most prominent" operators.
Furthermore, Peregrine has obtained in excess of 400 net mineral acres within the Delaware Basin.
The acquisitions were made from several unnamed sellers.
Peregrine co-founder and managing director CJ Tibbs said: “These properties, assembled over several months, align perfectly with our long-standing focus on stable production profiles, significant cash flows, geographic and product mix diversification, and management by top-tier operating teams.
“We have crafted a process that is straightforward, fair and smooth, offering groups the opportunity to convert passive interests into active assets they can control. We aim to continue identifying similar opportunities to create value across the sector.”
Over the past year, Peregrine Energy Partners, with headquarters in Dallas and acquisition offices in Denver, has actively collaborated with mineral owners across the country.
The company's founders have worked in partnership with numerous mineral owners across 30 states over the past 20 years.
