PITTSBURGH, PENNSYLVANIA — March 24, 2020 — Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Fayette County, Pennsylvania from an undisclosed seller.

While many mineral buying companies around the U.S. have paused their acquisition activity in light of the recent market turmoil, Peregrine continues to provide quick and simple liquidity options for royalty and override owners.

“Many of our clients are surprised to learn not only the cash value of selling part or all of their interests, but also how quickly the team at Peregrine can work with them to provide financial liquidity,” said CJ Tibbs, Co-Founder of Peregrine. Mr. Tibbs added that “many of our clients are surprised to learn how the Peregrine team can quickly evaluate and close even in challenging market conditions.”

Fayette County, Pennsylvania, sits in the southwest Marcellus and Utica fairway, with active development under EQT and other Appalachian operators. The county’s wells benefit from access to mature pipeline infrastructure feeding into multiple regional gas markets.

Peregrine has remained active throughout the early-2020 market dislocation, closing transactions in Fayette County, Fremont County (WY), and Washington County (PA) over the spring while many peer buyers had paused entirely.

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.