DALLAS, TEXAS — July 10, 2019 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Williams County, North Dakota from an undisclosed seller.

“It’s an area we know well and will continue to look for strategic opportunities in as we believe in it long-term,” said the Peregrine team. The area in Williams County will continue to see development under operator Whiting Petroleum Corporation, based in Denver, Colorado.

“Whiting has allocated $216 million in CAPEX towards their northern Williston acreage, much of which lies in Williams County,” the Peregrine team noted.

Williams County is one of the most prolific oil-producing counties in North Dakota’s Williston Basin, with the Bakken and Three Forks formations driving over a decade of horizontal-well development.

The transaction marks Peregrine’s ongoing focus on the Bakken Shale, which has remained one of the firm’s most active areas since the early 2010s.

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.