DALLAS, TEXAS — December 18, 2017 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Kern County, California from an undisclosed seller.

One of Peregrine's Directors, Josh Prier, applauds the acquisition efforts, stating, “We have been fortunate to work with this client a few times over our careers and couldn't be happier with this latest transaction.”

The acquisition features production from hundreds of currently producing wells in the prolific Monterey Shale oil basin. Mr. Prier added, “Kern County is known for having some of the lowest decline profiles in the United States, which is important to long-term, consistent production and stability.”

This acquisition will feed a growing demand from 1031 investors who are looking to diversify their exchange into more than traditional real estate. “Most real estate investors are just now learning that they have options when it comes to replacement property for their 1031 exchange,” said Wolf Hanschen, Co-Founder of Peregrine. “Oil and gas royalties have been used for decades by investors exiting brick-and-mortar real estate.”

About Peregrine Energy Partners — Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with more than 50 years of combined experience. Since 2004, the company's founders have worked alongside hundreds of mineral and royalty owners in 30 states across millions of acres. With 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.

For more information or to obtain a valuation, contact CJ Tibbs at (214) 329-1452 or cj@peregrinelp.com, or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.