DALLAS, TEXAS — July 21, 2020 — Peregrine Energy Partners has agreed to acquire producing royalty interests in Kern County, CA from Saint John's Lutheran Church in Sacramento, CA.

The purchase comes at a time when the future of the economy is uncertain and charitable donations are down in the US. However, through Peregrine's efficient and trusted evaluation-to-close process, Peregrine and Saint John's Lutheran Church were able to come to an agreement that in turn provides immediate cash flow to supplement during the current state of the economy.

“Most people find the uncertainty in the oil and gas market unappealing right now. Furthermore, the energy production climate in California has many concerned, rightfully so,” said C.J. Tibbs, Peregrine Founder. He continued, “Despite this, we continue to believe long term in the domestic oil and gas market and will continue to acquire assets.”

Peregrine continues to work with landowners in most major basins across the U.S., adding value through experience and transparency. “By focusing our efforts to deliver relevant and detailed information to our clients regarding their minerals, we provide fact-based data that helps to improve their understanding of the asset in these challenging times,” said Managing Director Josh Prier.

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.