DALLAS, TEXAS, August 28, 2020 — Peregrine Energy Partners has agreed to acquire producing royalties in Doddridge County, West Virginia from several private sellers.

Continuing their string of acquisitions in the Appalachian Basin, Peregrine finalized the acquisition of a private seller’s royalties in 17 producing natural gas wells across three units under Antero Resources and Jay-Bee Oil and Gas.

“We will continue to look for properties with a similar profile in the Marcellus; a diversified well count generating consistent cashflows with single digit decline rates under a well-capitalized, pure-play operator,” said Josh Prier, Peregrine Managing Director.

Peregrine is focused on working with and providing solutions for royalty owners and their families. Throughout the acquisition period, the company worked closely with multiple related royalty owners who had inherited this asset. The family’s initial goal was to solve succession issues to avoid fractionalizing the property further. However, after learning the significant financial opportunity and tax benefit of divesting now instead of receiving the passive income over the next handful of decades, the family decided to fast-forward the income.

The Texas based royalty buyer has been actively acquiring in the Marcellus Shale as well as across the country since the company’s inception. The current state of the economy and fluidity of the oil & gas industry has Peregrine committed and focused in their efforts to provide clients with reliable and valuable insight throughout their client’s decision-making process.

 

“Today more than ever, our clients are realizing the importance of diversification. Most of a royalty owner’s wealth is either in their home or their royalties. You cannot diversify your house, but you can with your royalties, and we are here to help owners do just that,” said C.J. Tibbs, Peregrine Co-Founder.

To learn more or to obtain a valuation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.

 About Peregrine Energy Partners

Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 50 years of combined experience. Over the past 16 years, the company’s founders have enjoyed working with hundreds of mineral owners in 30 states across millions of acres. To learn more about Peregrine Energy Partners, please visit www.peregrinelp.com.

About Antero Resources

Antero Resources is an independent natural gas and oil company engaged in the development and production of unconventional liquids-rich natural gas properties. The Company currently operates over 1,000 wells across the Appalachian Basin in West Virginia and Ohio. The Company’s website is located at www.anteroresources.com. Peregrine Energy Partners is an independent company and not affiliated with Antero Resources.

 

DALLAS, TEXAS, August 6, 2020 — Peregrine Energy Partners has agreed to acquire producing royalties in Fayette County, PA from a private seller.

Peregrine has been focused on working with and providing solutions for natural gas owners and their families, as this marks their 10^th acquisition in the Marcellus Shale during 2020.

The company continues to pursue exclusively producing oil and gas royalties and works directly with mineral owners as well as land professionals and industry contacts across the United States to source royalty properties.

This year, Peregrine has found that an increased number of clients have decided to explore different financial options for themselves and their families. “Our clients are looking for quick and simple divestment solutions to provide them with flexibility as they reevaluate their retirement or succession plans. They want stability for their families and see that the immediate cash flow and tax benefits outweigh potential market volatility and a payout over time,” said C.J. Tibbs, Peregrine Co-Founder.

Tibbs continued, “At Peregrine, our goals are to deliver a transparent analysis of our client’s asset to them, help them understand all their options around that property so they can make decisions for both their short and long-term future, and to provide financial opportunities when appropriate.”

The transaction featured production from 15 wells currently operated by Chevron. “This acquisition had all of the characteristics we look for in royalty properties due largely in part to the more stable production and shallow decline rates,” says Josh Prier, Peregrine Managing Director. “We will continue to look for more opportunities, nationwide, where we can provide options and financial relief to royalty owners.”

To learn more or to obtain a valuation of your minerals, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com.

Josh Prier
Peregrine Energy Partners
+1 303-256-6275
email us here

Dallas, Texas, July 21, 2020

Peregrine Energy Partners has agreed to acquire producing royalty interests in Kern County, CA from Saint John’s Lutheran Church in Sacramento, CA.  

The purchase comes at a time when the future of the economy is uncertain and charitable donations are down in the US. However, through Peregrine’s efficient and trusted evaluation to close process, Peregrine and Saint John’s Lutheran Church were able to come to an agreement that in turn provides immediate cash flow to supplement during the current state of the economy. 

“Most people find the uncertainty in the oil and gas market unappealing right now.  Furthermore, the energy production climate in California has many concerned, rightfully so,” said CJ Tibbs, Peregrine Founder. He continued to say, “Despite this we continue to believe long term in the domestic oil and gas market and will continue to acquire assets.”

Peregrine continues to work with landowners in most major basins across the U.S., adding value through their experience and transparency. “By focusing our efforts to deliver relevant and detailed information to our clients regarding their minerals, we provide fact-based data that helps to improve their understanding of the asset in these challenging times,” said Managing Director Josh Prier. 

To learn more or to obtain a valuation of your minerals, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.

About Peregrine Energy Partners

Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 50 years of combined experience. Over the past 16 years, the company’s founders have enjoyed working with hundreds of mineral owners in 30 states across millions of acres. To learn more about Peregrine Energy Partners, please visit www.peregrinelp.com. 

To learn more or to obtain a valuation of your minerals, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com. To learn more about available 1031 properties, contact Wolf Hanschen at (214)-483-1997 or Wolf@peregrinelp.com.

DENVER, CO, April 2, 2020 — Peregrine Energy Partners Continue to Provide Solutions Nationwide for Royalty Owners.

Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Fremont County, Wyoming from an undisclosed seller.

While other royalty acquisition firms around the country have taken a step back in light of the recent market turmoil, Peregrine continues to work with royalty and override owners to provide quick and simple liquidity options.

“This is an unprecedented time, both for those in the energy sector as well as landowners who have seen their income shrink and divestment options disappear over the last 60 days,” said Wolf Hanschen, Co-Founder of Peregrine. “While most of our clients end up holding onto part of their royalties, they realize that by selling even some of their interest, they can quickly free up the cash they need to bridge the gap until this shutdown comes to an end.”

The team at Peregrine has been active in the Rocky Mountain region for the past decade as they remain bullish on production from the region. The company focuses exclusively on producing oil and gas royalties and works directly with mineral owners as well and land professionals and industry contacts in the area to source royalty properties.

“What we’ve really enjoyed lately is working with ‘boots on the ground’ individuals who have helped connect Peregrine to those royalty owners in their area looking for options,” said Josh Prier, Managing Director of Peregrine. “These individuals we partner with are typically landmen or other industry colleagues who are looking for ways to stay active during this downturn,” Prier commented.

Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 50 years of combined experience. Over the past 16 years, the company’s founders have enjoyed working with hundreds of mineral owners in 30 states across millions of acres.

With its corporate headquarters in Dallas and an acquisition office in Denver, Peregrine provides value and optionality to royalty owners looking to maximize the value of their minerals.

To learn more or to obtain a valuation of your minerals, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com.

Josh Prier
Peregrine Energy Partners
+1 303-828-8318
email us here

Peregrine Continues to Provide Solutions for Local Royalty Owners

PITTSBURGH, PA, March 24, 2020 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Fayette County, Pennsylvania from an undisclosed seller.

While many mineral buying companies around the U.S. have paused buying activity in light of the recent market turmoil, Peregrine continues to be a solution for royalty owners looking for quick and simple divestment options.

“In what has suddenly become a challenging time across the world, including for folks in the oil and gas sector, we are pleased to provide liquidity options for both landowners and industry professionals,” said C.J. Tibbs, co-Founder of Peregrine. Mr. Tibbs added that “many of our clients are surprised to learn not only the cash value of selling part or all of their interests, but also how quickly the team at Peregrine can work with them to provide financial relief, especially in these trying times.”

Peregrine has been particularly active in the northeast basin known as the Marcellus Shale for the past decade as they remain bullish on production from the region. The company focuses exclusively on producing oil and gas royalties and works directly with mineral owners as well and land professionals and industry contacts in the area to source royalty properties.

“There are a number of different ways to go about divesting your royalties,” Josh Prier, Managing Director of Peregrine, commented. “What sets Peregrine apart is our ability to evaluate and close quicker than most.” said Prier. “Peregrine prides itself in being able to alleviate financial pain points for royalty owners by providing them an upfront check, often equivalent to 4-5 years’ worth of their royalty income.”

Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 50 years of combined experience. Over the past 16 years, the company’s founders have enjoyed working with hundreds of mineral owners in 30 states across millions of acres.

With its corporate headquarters in Dallas and an acquisition office in Denver, Peregrine provides value and optionality to royalty owners looking to maximize the value of their minerals.

To learn more or to obtain a valuation of your minerals, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com.

Josh Prier
Peregrine Energy Partners
+1 303-256-6275
email us here

DALLAS, TEXAS, February 4, 2020 — Peregrine Energy Partners has agreed to acquire producing overriding royalty interests in the North Slope of Alaska from Caelus Energy for an undisclosed sum.

“We are very excited about our latest acquisition,” commented C.J. Tibbs, Peregrine’s Managing Director. “Italian oil major Eni recently reached a deal with Caelus to buy out their ownership in the Oooguruk Field, making Eni the sole owner/operator within this lease. The retained royalties quickly became non-core to Caelus and Peregrine was able to provide a simple and direct avenue for divestment.”

Oil production in Oooguruk began in 2008. Today there are 25 PDP wells producing 10,000 boepd from the lease. Eni also owns 100% of the nearby Nikaitchuq lease and plans to drill additional wells in both fields, taking advantage of operational synergies to increase production by an estimated 7,000 boepd.

“We are happy to have put ourselves in the line of increased development,” said Josh Prier, Managing Partner of Peregrine. “We appreciated the opportunity to work on this project and to acquire royalty rights under a world class operator like Eni who is committed to putting additional capital into this field.” “Working with Peregrine allowed Caelus to fast-forward years of capital in a tax-efficient manner,” Prier continued. “They could then redeploy the sale proceeds into more core areas of the business where the returns are more favorable.”

This is the second recent acquisition in Alaska for Peregrine, having acquired royalty assets on the Kenai Peninsula last year. Peregrine is currently looking for additional opportunities to work with operators in much the same fashion, regardless of location.

“The structure makes sense for any E&P company who has interest in divesting non-core royalty income to generate debt-free capital,” said Prier. “Many of the operators we’ve worked with prefer to control their growth through the drill bit,” Prier remarked. “Peregrine is able to add value to operators by freeing up future revenue today which allows them to invest more capital in the ground and move their 3P reserves to 1P that much quicker.”

Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with over 50 years of combined experience. Over the past 15 years, the company’s founders have enjoyed working with dozens of operators as well as hundreds of mineral owners in 30 states across millions of acres.

With its corporate headquarters in Dallas and acquisition offices in Denver, Peregrine is dedicated to providing value and optionality to both royalty owners and E&P firms to help maximize the value of their non-core royalties and overrides.

To learn more about how Peregrine might add value to your team, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com.

Josh Prier
Peregrine Energy Partners
+1 303-828-8318
email us here

DALLAS, TEXAS, January 13, 2020 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Orange and Los Angeles Counties, California from an undisclosed seller.

This acquisition features production from a pure-play operator in one of the oldest producing oilfields in the LA Basin.

“We’re very excited about our latest acquisition as it features production from 170 wells in the Brea-Olinda Oil Field which is a legacy field that’s been in production since the early 1900’s and has been consistent in its ability to generate steady and predictable cash flow.” According to Peregrine’s Managing Director Josh Prier. “With Bridge Energy operating these properties,” Mr. Prier added, “we have the confidence in buying under a well-capitalized operator whose entire corporate focus and expertise lie in operating these specific properties as efficiently as possible.”

“Royalty interests in an area like the Brea-Olinda Field are rare to come across, largely in part to the prolific reserves and stable production profile this area is known to hold.” Mr. Prier continued. “These properties fit within our acquisition criteria well as they check a number of boxes for us; shallow declines, legacy reserves and a very capable operator.” Mr. Prier continued, “we expect this to be an asset that provides solid cash flow for years to come, and will continue to look for other similar properties nationwide.”

Peregrine has been very active working with mineral owners nationwide, deploying over $25 million annually to mineral owners looking for divestment options for part or all of their producing royalties.

“I think with the inherent fluctuation in commodity prices, some royalty owners want to take some of that risk and uncertainty off the table” said CJ Tibbs, Managing Director of Peregrine. “Many of our clients don’t sit down and look at their royalties from a tax or estate planning perspective,” Tibbs remarked. “After completing our full analysis, many of our clients are surprised to learn what they stand to gain by divesting part or all of their interests.”

Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 50 years of combined experience. Over the past 15 years, the company’s founders have enjoyed working with hundreds of mineral owners in 30 states across millions of acres.

With its corporate headquarters in Dallas and acquisition offices in Denver, Peregrine is dedicated to providing value and optionality to royalty owners to maximize the value of their minerals.
To learn more or to obtain a valuation of your minerals, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com.

Josh Prier
Peregrine Energy Partners
+1 303-828-8318
email us here