News – Peregrine 1031

Peregrine Adds Mineral Rights in the Eagle Ford and Permian

support — Wed, 19 Jul 2023 20:27:09 +0000

DALLAS, TEXAS, UNITED STATES, July 11, 2023/EINPresswire.com/ — Peregrine Energy Partners rounds out an active Q2 with acquisitions of producing mineral rights in the Eagleford and Permian Basins.

“Sometimes the upside expectations in basins like these can preclude Peregrine from being competitive,” commented Josh Prier, Peregrine’s Managing Director. “In this case, however, we were fortunate to work with sellers who had already enjoyed the bulk of development on their properties and were now more interested in monetizing the tail on the engineering curve and redeploying those proceeds into other more core areas.”

While a deal size was not specified, Mr. Prier said that the cash flow from the two properties averaged around $300,000 per month.

Peregrine has been one of the more active players in the producing royalty space over the past few years, acquiring over 4,400 mineral acres in major basins including the Permian, Eagle Ford, Marcellus, Anadarko, Bakken, Piceance, and the North Slope in Alaska. The company focuses exclusively on producing oil and gas royalties and works directly with mineral owners as well as industry professionals and operators to source royalty properties.

“Most of our success these past couple of years has been working with groups in the energy space who are looking to clean-up their books, streamline their accounting, and divest royalty interests that they have, often by accident, acquired over time,” said Peregrine’s Co-Founder Wolf Hanschen. “While these groups have nothing against royalties, continued Mr. Hanschen, “they’ve realized the opportunity cost of keeping these non-core, passive interests on the balance sheet, especially when debt financing is significantly higher today.”

The acquisition of producing mineral rights is certainly not a new concept, with hundreds of firms like Peregrine targeting interests across the U.S. When asked about Peregrine’s point of difference, C.J. Tibbs, Peregrine’s Co-Founder commented, “Peregrine is 100% internally funded which means a lot less red tape and bureaucracy compared to other groups. If sellers want a painless evaluation and quick closing, our combined 50 years in the producing mineral space lends itself to just that.”

About Peregrine Energy Partners

Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with over 50 years of combined experience. Over the past 19 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.

To learn more about Peregrine Energy Partners contact C.J. Tibbs at (214)-329-1452 CJ@peregrinelp.com or Josh Prier at (303)-256-6275 josh@peregrinelp.com.

Peregrine Continues Its Push Into the Utica

support — Tue, 08 Nov 2022 16:26:57 +0000

A Patterson- UTI rig drilling a well in Carroll county, OH.

DALLAS, TEXAS, UNITED STATES, November 1, 2022 /EINPresswire.com/ — Peregrine Energy Partners has agreed to acquire additional prod

ucing and non-producing oil and gas royalty interests in Carroll, Columbiana, and Jefferson Counties, Ohio from multiple sellers.

“In what has become a challenging and uncertain 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 Josh Prier, Managing Director of Peregrine. “In an era filled with red tape and bureaucracy, sellers have really come to appreciate the efficient and no-nonsense way we like to do business here at Peregrine,” Mr. Prier added.

The latest acquisition spans dozens of producing wells and encompasses over 520 net mineral acres, adding to Peregrine’s total position in the Utica which spans just over 360,000 gross acres.

“Two years ago we didn’t own a single property in Ohio,” said Peregrine’s Co-Founder Wolf Hanschen, “but now our holdings in the Buckeye State make up a material part of our mineral portfolio.”

“We look to purchase royalties under best-in-class operators, and Encino certainly fits that bill,” remarked C.J. Tibbs, Peregrine’s Co-Founder. “Encino is the largest oil producer in the Utica, the second largest gas producer in the Appalachian Basin and a top 25 natural gas producer in North America. We’re extremely confident in their capabilities as a steward of the properties and will continue to seek out opportunities with similar attributes.”

About Peregrine Energy Partners
Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with over 50 years of combined experience. Over the past 18 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.

To learn more about how Peregrine Energy Partners contact Josh Prier at (303)-256-6275 josh@peregrinelp.com or C.J. Tibbs at (214)-329-1452 CJ@peregrinelp.com.

Peregrine Energy Partners Realizes Largest Quarter to Date

support — Tue, 08 Nov 2022 15:32:03 +0000

Multiple recent acquisitions span 7 counties across 4 states and over 1,200 net mineral acres

DENVER, CO, UNITED STATES, July 20, 2022 /EINPresswire.com/ — Peregrine Energy Partners has agreed to acquire additional producing and non-producing oil and gas royalty interests in DeSoto Parish, LA, Lea County, NM, Weld County, CO and several counties in Oklahoma from multiple sellers.

“We’re encouraged by and proud of the fact that Peregrine has remained a market leader in the PDP space in spite of the challenges posed by today’s marketplace” commented Josh Prier, Peregrine’s Managing Director. We’ve remained extremely active in the royalty space as we’ve met and talked with clients regarding the options for their royalty properties and how those can translate into solutions around their larger strategic business objectives.” Mr. Prier added.

The recent acquisitions span 7 counties across 4 states and encompass over 1,200 net mineral acres with a combined average cash flow of $540,000/month.

“Looking at our recent acquisitions on a map, you’d think we were playing darts after one too many cocktails,” commented Peregrine’s Co-Founder Wolf Hanschen. “As long as it’s producing, we’re a potential buyer,” added Hanschen. “From Alaska to Florida, West Virginia to California, our buy area often draws puzzled looks from colleagues in the mineral industry who are used to much more area-specific campaigns.”

About Peregrine Energy Partners
Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with over 50 years of combined experience. Over the past 17 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.

To learn more about Peregrine Energy Partners contact C.J. Tibbs at (214)-329-1452 CJ@peregrinelp.com or Josh Prier at (303)-256-6275 josh@peregrinelp.com.

Peregrine Adds Mineral Rights in Pennsylvania, West Virginia, and Colorado.

support — Tue, 12 Apr 2022 20:39:05 +0000

The PDP-focused firm finished out a record first quarter with royalty acquisitions in 5 states across 400,000 acres.

Drilling rig in Weld County, CO

DALLAS, TEXAS, USA, April 12, 2022 /EINPresswire.com/ — Peregrine Energy Partners continues its run of acquisitions in the producing oil and gas mineral space, this time adding interests in Bradford County, PA, Monongalia County, WV and Weld County, CO.

“We will continue to look for, and invest in, areas with proven assets under solid operators,” commented Josh Prier, Peregrine’s Managing Director. Mr. Prier added “We appreciate the opportunity to provide options and solutions for royalty owners who are interested in taking some chips off the table at historically high commodity prices.”

Peregrine has been particularly active in major basins including the Marcellus Shale for the past decade as they remain bullish on production from those regions. The company focuses exclusively on producing oil and gas royalties and works directly with mineral owners as well as industry professionals in the area to source properties.

“Obviously right now is an interesting time with both oil and natural gas prices close to levels not seen in almost a decade,” said Peregrine’s co-founder Wolf Hanschen. “Sellers saw what their checks looked like two years ago when the pandemic drove prices close to zero and I think are assessing what it looks like to remove some of that future uncertainty and volatility from their portfolios.”

The acquisition of producing mineral rights is certainly not a new concept, with many firms similar to Peregrine targeting interests across the U.S. When asked about Peregrine’s point of difference, Mr. Hanschen commented, “Peregrine is 100% internally funded which means a lot less red tape and bureaucracy compared to some other groups. If sellers want a quick and painless evaluation and closing, our 18-year experience working exclusively alongside oil and gas royalty owners lends itself to just that.”

To learn more about Peregrine Energy Partners contact C.J. Tibbs at (214)-329-1452 CJ@peregrinelp.com or Josh Prier at (303)-256-6275 josh@peregrinelp.com.

Peregrine Energy Partners Acquires EnerVest Energy Institutional Funds from EnerVest Ltd

support — Thu, 10 Mar 2022 19:22:25 +0000

DALLAS, TEXAS, UNITED STATES, March 9, 2022 /EINPresswire.com/ — Peregrine Energy Partners is pleased to announce the acquisition of EnerVest Ltd’s. position as General Partner in EV Royalty Partners, and EnerVest Energy Institutional Funds.

With this transaction, Peregrine acquires an overriding royalty interest in 340,000 acres across multiple counties in the Marcellus and Utica reserves.

“As royalty funds wind down, Peregrine offers options that entail well thought out exit strategies,” says CJ Tibbs, Co-founder of Peregrine. “Our clients appreciate Peregrine’s process, transparency, and speed in their divestment.”

With a proven track record, Peregrine continues to seek out and acquire mature, end-of-life funds from private and public sectors looking to exit.

“The portfolio consists of interests under multiple quality operators that produce a balanced mix of gas and liquids,” says Peregrine Managing Director, Josh Prier. “We appreciate having this transaction across the line with Enervest and will continue to look for other such opportunities to add value to these types of royalty funds.”

About Peregrine Energy Partners
Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with more than 40 years of combined experience. Over the past 15 years, the company’s founders have worked and supported operators and mineral owners in 30 states across millions of acres.

Peregrine Energy Partners Acquires Assets from The Carlyle Group (NASDAQ: CG)

support — Tue, 02 Nov 2021 16:03:22 +0000

DALLAS, TEXAS, UNITED STATES, November 2, 2021 /EINPresswire.com/ — Peregrine Energy Partners has purchased The Carlyle Group’s (NASDAQ: CG) remaining interests in Hilcorp’s Moxa Arch Field across approximately 1,500 wells for an undisclosed sum.

“We are not looking at this purchase as a bet on natural gas, but rather an investment in an area with proven assets under a solid operator,” commented C.J. Tibbs, Peregrine’s Founder. Mr. Tibbs added, “We do feel, however, that as underinvestment in domestic energy production continues, assets like these will continue to become more valuable as there is increased upward pressure on the underlying commodity prices.”

The Moxa Arch, located in the heart of Wyoming’s Green River Basin, spans parts of Lincoln, Sweetwater, and Uinta Counties and is primarily operated by Hilcorp, the country’s largest private oil and gas operator in the country.

“We thank Carlyle for their help in getting this transaction closed. We remain interested in similar conversations with additional royalty owners/funds where we can add value by divesting non-core royalty assets,” said Josh Prier, Managing Director of Peregrine.

Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with over 40 years of combined experience. Over the past 15 years, the company’s founders have enjoyed working with dozens of operators and hundreds of mineral owners in 30 states across millions of acres.

Peregrine Pushes Forward in Bakken Shale with Additional Multi-County Acquisition

support — Wed, 15 Sep 2021 16:19:02 +0000

Texas-based royalty buyer acquires over 20,000 gross acres across Burke, Divide, and McKenzie Counties.

DALLAS, TEXAS, UNITED STATES, September 15, 2021 /EINPresswire.com/ — Peregrine Energy Partners (“Peregrine”) has acquired additional royalty interests in the Bakken Shale, with its most recent royalty acquisition spanning multiple counties across the Williston Basin.

The acquisition, from an undisclosed seller, features over 20,000 acres and represents acreage core to Resource Energy, among several additional operators.

CJ Tibbs, Managing Director of Peregrine commented on the sale, “Throughout the oil downturn of 2020, we as a company elected to pivot from liquids to focus more on natural gas which provided a great deal more stability relative to what was happening in the crude market.”

Over the last six months, global demand for oil has shot up, higher today in many areas than it was pre-COVID in January of last year. “While we’ve had a good run on the natural gas side of the industry, Tibbs remarked, “we felt it was time to re-engage with royalty owners in more oil-heavy basins like the Bakken to discuss their options for taking some chips off the table while oil was close to $70”.

Peregrine was happy to work with the seller in cleaning up their estate. The seller noted, “The management of our royalty portfolio was becoming cumbersome. Peregrine offered a seamless opportunity to reduce our internal headaches, while also enabling us to capitalize on our asset at an exceptional price. The timing could not have been better.”

Managing Director, Josh Prier, added “We’ve been fortunate to work with numerous families over the last several months who are concerned with the tax code the Biden Administration is planning to implement. Specifically, with the steep increase in capital gains taxation, royalty owners stand to lose quite a bit once the legislation is passed. We’re seeing more and more families interested in a discussion around how to take advantage of the high prices and low rates while they still can”.

To learn more or to obtain an evaluation 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 minerals and 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.

Peregrine Expands Reach into Non-Producing Minerals with Multiple West Texas Acquisitions

support — Tue, 17 Aug 2021 16:20:42 +0000

Texas- based royalty buyer acquires over 400 net royalty acres in Midland & Reeves Counties.

DALLAS, UNITED STATES, August 17, 2021 /EINPresswire.com/ — Peregrine Energy Partners (“Peregrine”) has expanded their model, recently closing on two non-producing mineral properties in the Midland and Delaware Basins.

The acquisitions, from undisclosed sellers, features over 400 net royalty acres and represent acreage core to both Pioneer and Chevron with active development in the offsetting acreage.

“We’ve always been a PDP focused shop,” said Peregrine’s Co-Founder Wolf Hanschen, “But it was hard to ignore the demand out there for this type of asset.” Hanschen continued, “Because so much of our deal flow is organically sourced, it just didn’t make sense to ignore the opportunities we were seeing as we came across Permian owners looking for divestment options.”

Pioneer is one of the most active operators in the Basin, currently contributing 24 rigs to their ongoing development of the area.” Hanschen commented, “Our Delaware acquisition was a part of the 92,000 net acres Chevron recently acquired in Reeves County from Noble Energy. We faced notable competition over the course of both acquisitions, but our simple, quick and no-nonsense closing process won the Sellers over in the end.”

In each of these particular transactions, Peregrine worked with individual mineral owners interested in taking advantage of current acreage offers as well as potentially getting ahead of proposed tax legislation.

Peregrine’s Managing Director Josh Prier noted, “Higher oil prices and uncertainty in the tax code has definitely brought Sellers back to the table.” “We’ve spoken with a number of folks who have a large portion of their net worth tied to their minerals and are concerned with concentration risk as they go through their estate planning.”

To learn more about working with Peregrine on their efforts in the Permian, reach out to Wolf Hanschen at 214-483-1997 or wolf@peregrinelp.com.

Peregrine Moves into the Piceance Basin

support — Tue, 29 Jun 2021 18:06:02 +0000

Texas-Based Royalty Buyer Acquires Over 6,800 Net Royalty Acres in Northwest Colorado

DENVER, COLORADO, June 29, 2021 – Peregrine Energy Partners (“Peregrine”) has closed on two acquisitions made up of producing and non-producing oil and gas royalties across Garfield, Mesa, Moffat, Rio Blanco and Routt Counties, Colorado from undisclosed sellers.

The acquisition features current production from more than 500 wells with active development in the offsetting acreage including 960 active permits and 100 DUC’s. The majority of the operators are basin-specific groups including Caerus Oil and Gas, Laramie Energy, and Terra Energy Partners.

“We’re very excited about our latest acquisition as it features production across the Piceance Basin which is a legacy area known for generating steady and predictable cashflow,” said Peregrine Co-Founder and Managing Director Wolf Hanschen. “While it might not have the “sizzle” of an area like the Permian,” Hanschen commented, “there’s something to be said about basins like the Piceance that continue to deliver consistent production and revenue.”

In these particular transactions, Peregrine worked with industry professionals where the intended goal was to fast-forward the income from part of a mineral portfolio acquired many years ago that had since become non-core to their primary operations.

Each divestment was driven by differing factors: a fund interested in monetizing their royalty as a way to return shareholder capital, and an operator looking to sell down legacy royalty interests to reallocate the proceeds into non-passive investments where higher returns could be achieved.

Peregrine Managing Director, Josh Prier, noted, “We were impressed by both the geography of these properties as well as the directional-drilling technology they’ve been able to implement here to maximize production throughout the Piceance, now the second largest natural gas basin in the U.S., behind only the Marcellus.”

“We’re encouraged,” Prier continued, “by not only the amount of acreage that came with these specific transactions, but also the fact that the operators on these properties are largely basin-specific groups who have active drilling programs in the area. We anticipate that will correlate to an asset that continues delivering solid cashflow for years to come.”

To learn more or obtain an evaluation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1452 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

Peregrine Acquires Royalties in NE Pennsylvania

support — Thu, 13 May 2021 19:47:48 +0000

Peregrine Returns to Bradford County, PA in Latest Appalachian Acquisition

DALLAS, TEXAS, May 13, 2021 – Peregrine Energy Partners (“Peregrine”) has agreed to acquire producing royalties in Bradford County, Pennsylvania from a private seller (“Client”).

The acquisition features production from multiple natural gas wells across 1,700 gross acres under Repsol, who just recently issued 3 new permits on the acquired acreage. While Repsol operates worldwide, they’ve been operating in the Marcellus Shale since 2015 and currently manage over 1,050 producing wells in NE Pennsylvania.

Due to the current administration’s proposal to increase taxes on long-term capital gains, many mineral owners have been looking objectively at what a divestment might look like today versus down the road when the tax liabilities from the sale might be up to 2X greater. Although the guidance from the IRS is still unclear, many tax professionals believe gains on a sale today will receive treatment under the current tax rate (maxed at 20%).

“Recently, we have had an increasing number of royalty and mineral owners sell due to concern over tax rates on long-term capital gains raising to 40%+. Our clients are tired of playing defense and want the lump-sum payout in order to effectively optimize their portfolio,” said Josh Prier, Peregrine Managing Director.

“Peregrine creates that solution for owners thinking about divesting or for folks who already have their minds made up,” Prier continued. “We strive to provide guidance and financial avenues that best fit the individual owner. Whether you are ready to sell or not, we are here to at least start the conversation.”

Peregrine works exclusively on producing oil and gas royalties and directly with mineral and royalty owners as well as industry professionals nationwide. To learn more or obtain an evaluation 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