OKLAHOMA CITY, OKLAHOMA — April 29, 2020 — Peregrine Energy Partners has agreed to acquire producing natural gas royalties in Canadian County, Oklahoma from an undisclosed seller. This acquisition features production from a well-known operator in a core area of the Anadarko Basin.
“We're encouraged by our latest acquisition as it features production from the Anadarko Basin which is a legacy area known for generating steady and predictable cashflow,” said Peregrine's Managing Director C.J. Tibbs. “With Devon operating these assets, it gives us confidence in buying under a well-capitalized operator who has the technical expertise to understand the play well.”
Despite a number of mineral buying firms around the U.S. halting activity in light of recent market turmoil, Peregrine continues to work alongside royalty owners nationwide in providing answers for clients looking for quick and simple divestment options.
“It's certainly scary to read the news these days, especially anything related to the oil and gas industry,” said Peregrine's Co-Founder Wolf Hanschen. “Our hope at Peregrine is to provide financial options to royalty owners and provide the cash they need to navigate these uncharted waters.”
The principals at Peregrine have remained active in buying throughout the mid-continent region for the past 16 years as they remain bullish on production from the region. The company focuses exclusively on producing oil and gas royalties and works directly with mineral owners as well as land professionals and industry contacts in the area to source royalty properties.
“We've really enjoyed working with local mineral buyers, landmen and geologists who have helped connect our team to the royalty owners in their backyard who are looking for relief,” said Josh Prier, Managing Director of Peregrine. Mr. Prier noted that many industry professionals are finding themselves with time on their hands due to the market slowdown, and working with Peregrine provides an opportunity to add value not only for royalty owners in their area but for their own families as well.
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.