DALLAS, TEXAS — January 8, 2018 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas minerals in Washington County, Pennsylvania from an undisclosed seller.

“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,” commented Peregrine Managing Director C.J. Tibbs. “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.”

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 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.