DALLAS, TEXAS — July 18, 2023 — Peregrine Energy Partners has acquired additional interests in the San Juan Basin. The purchase features production from over 3,000 producing wells across the basin.

The San Juan Basin, straddling northwestern New Mexico and southwestern Colorado, has historically been one of the largest natural-gas-producing regions in the United States, with cumulative production exceeding 40 trillion cubic feet.

“The San Juan Basin remains appealing for its predictable cash flows and the long-life, mature production we look for in our acquisition campaigns,” said the Peregrine team. “It’s a basin that doesn’t get the headlines of the Permian or the Marcellus, but the underlying production has been remarkably consistent for decades.”

The transaction builds on Peregrine’s December 2022 close in Rio Arriba and San Juan Counties, NM — a 7,450-acre mineral and overriding royalty package. The firm has been steadily compounding its position in the basin throughout 2022 and 2023.

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.