DALLAS, TEXAS — May 28, 2020 — Peregrine Energy Partners has agreed to acquire producing royalty interests in Washington County, PA as well as in Tyler and Ritchie Counties, WV from various undisclosed sellers.

These acquisitions feature production from numerous producing natural gas wells under Range Resources (RRC), Antero Resources (AR), and EQT Corporation (EQT) — all pure-play operators dedicated to the Appalachian Basin, where they collectively operate over 9,500 wells on 2,500,000 gross acres across three states.

Quick evaluations and prompt closings help local landowners in tough times.

“We’ve been actively working in southwestern Pennsylvania and northern West Virginia for years,” the Peregrine team noted. “The operators in this region — Range, Antero, EQT — are some of the most capital-efficient in the country, which is exactly what we look for when underwriting long-term royalty cash flows.”

Washington County, PA, sits in the southwest Marcellus core and is one of Range Resources’ most active development areas. Tyler and Ritchie Counties, WV, anchor Antero’s wet-gas position in the central Appalachian Basin.

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.