DALLAS, TEXAS — October 1, 2020 — Peregrine Energy Partners has agreed to acquire producing mineral rights across 4,755 gross acres in Bradford County, PA for an undisclosed sum. The producing natural gas acquisition is operated by Chief Oil & Gas and includes both producing and non-producing mineral rights.

This represents the third acquisition of the year for Peregrine in this region of the Appalachia Basin, following earlier 2020 closes in Washington County, PA and Tyler / Ritchie Counties, WV.

“While we’ve traditionally been more active in the southwest portion of the state, we love the fundamentals of the northeast Marcellus Shale and have an internal goal to expand our footprint in those counties,” said Josh Prier, Managing Director of Peregrine.

Peregrine worked alongside the private sellers, a retired couple, who had the end-goal of simplifying their estate and reducing their overall tax bill. Bradford County is one of the most prolific dry-gas producing counties in the United States, with cumulative natural gas production exceeding 7 trillion cubic feet.

Chief Oil & Gas operates over 200 producing wells in Bradford County and surrounding northeast Pennsylvania counties.

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.