DICKINSON, NORTH DAKOTA — July 11, 2018 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Dunn County, ND.

The purchase features production from numerous producing wells under ConocoPhillips in Dunn County, ND, part of the prolific Bakken Shale. The Bakken Shale represents one of ConocoPhillips' five core plays in North America and is an area they look to help offset decline from other projects globally.

“The Bakken Shale is an area we are very familiar with as we've had the good fortune to be able to work with a number of royalty owners and their families in providing options around mineral ownership,” commented Managing Director C.J. Tibbs. “We will continue to look for opportunities where we can be a resource and add value for royalty owners in the Bakken and are excited about this latest acquisition in Dunn.”

Peregrine continues to work with landowners in most major basins across the U.S., adding value through 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, and ultimately the family portfolio as well,” said Mr. Tibbs.

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.