DALLAS, TEXAS — December 12, 2019 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Webb County, Texas from an undisclosed seller.

This acquisition features production from an operator who has been active in the Eagle Ford Shale for nearly 20 years and is among the largest operators in Webb County.

“We're very excited about our latest acquisition as it features production under Lewis Energy, which is an operator with over 1,500 producing wells across 450,000 acres in the play,” said Peregrine's Managing Director C.J. Tibbs. “The technical expertise that a Lewis brings is considerable — Webb County is in their backyard and has been for decades. Lewis has been consistent in its ability to generate steady and predictable cashflow from these properties, and we're optimistic to be royalty owners under some of their core acreage.”

“Many people are surprised to know that Webb County is the second-largest gas-producing county in Texas,” commented Josh Prier, Peregrine's Director of Acquisitions. “These properties fit within our acquisition criteria well as they check a number of boxes for us, including shallow declines, solid reserves, and a very capable operator. We expect this to be an asset that provides solid cashflow for years to come, and will continue to look for other similar properties nationwide.”

Peregrine has been very active working with mineral owners nationwide in 2019, deploying over $25 million to mineral owners looking for divestment options for part or all of their producing royalties.

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.