DENVER, COLORADO — March 1, 2018 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Divide County, North Dakota from an undisclosed seller.

The acquisition features production from a number of currently producing wells in the prolific Bakken Shale oil basin. “The Bakken Shale, in general, is a play we know well and is an area we've worked with clients in for many, many years,” said Josh Prier, Peregrine Managing Director. “We're excited about this latest acquisition as we continue to bring world-class assets to our investor base from all over the United States.”

Over the past 12 months, Peregrine has been very active in the Bakken Shale region, deploying over $14 million to mineral owners looking for divestment options for part or all of their producing royalties.

This acquisition will go to help 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.