DALLAS, TEXAS — May 4, 2021 — Peregrine Energy Partners has agreed to acquire producing oil and gas royalties in Ohio County, West Virginia from a private seller. This marks the first acquisition in Ohio County, WV for the Texas-based royalty buyers.

The acquisition features multiple producing natural gas wells under Southwestern Energy (NYSE: SWN), a pure-play Appalachian operator with significant acreage in the Marcellus Shale.

“We’re excited about our latest acquisition in West Virginia as these particular properties are the type of long-life, mature assets that we consistently look for,” commented Peregrine Managing Partner, Wolf Hanschen.

Southwestern Energy operates over 1,000 wells across the Marcellus and Haynesville Shales. Its Appalachian position continues to deliver low-decline gas production from Tier 1 acreage in West Virginia and Pennsylvania.

The Ohio County transaction extends Peregrine’s existing West Virginia position, which includes prior closes in Tyler, Ritchie, and Marshall 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.