Dallas, TX – Peregrine Energy Partners, a company assisting 1031 investors in diversifying their exchange, has agreed to acquire producing and non-producing oil and gas minerals in Washington County, Pennsylvania from an undisclosed seller.
Peregrine Managing Director C.J. Tibbs commented, “This acquisition includes a number of characteristics we typically look for in an asset; good cash flow, a prudent operator and room for additional development on the acreage. We have enjoyed working with landowners in the Marcellus as it is a first-class natural gas play, and we will continue to look for ways to add value in this area.”
Over the past 18 months, Peregrine has been most active in the Marcellus Shale region, deploying more than $4 million in the past six months alone to landowners who want to look at what possible divestment options might look like from a tax and estate planning standpoint.
Mr. Tibbs added, “We take the time to sit down with our clients and learn about their needs. This helps us design a sale that makes sense for both parties. From there, we pride ourselves on closing the transactions in a fast and efficient manner.”
Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 45 years of combined industry experience. The company has enjoyed working with hundreds of mineral and royalty owners in 30 states across millions of acres.
With its corporate headquarters in Dallas and an acquisition office in Denver, Peregrine is dedicated to providing value and optionality to royalty owners to maximize the value of their properties.