DALLAS, TEXAS — November 2, 2021 — Peregrine Energy Partners has purchased The Carlyle Group’s (NASDAQ: CG) remaining royalty position. The acquisition closed on a standard Peregrine timeline.

The Carlyle Group is one of the world’s largest private equity firms, with over $300 billion in assets under management. Carlyle’s energy portfolio over the past decade has included multiple producing-royalty positions which the firm has gradually divested as those funds wind down their oil and gas exposure.

“As institutional capital rotates out of oil and gas, there’s a growing need for buyers who can move quickly on complex, multi-basin royalty packages,” the Peregrine team noted. “That’s the lane we’ve worked in for nearly two decades.”

The transaction marks one of several institutional exits Peregrine has closed in recent years, including the subsequent acquisition of EnerVest Energy Institutional Funds in March 2022.

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.