DALLAS, TEXAS — October 17, 2023 — Peregrine Energy Partners has closed on producing and non-producing royalty interests in Kern and Fresno Counties, California. The acquisition features production from over 40 producing wells in the San Joaquin Valley.

California remains one of the top oil-producing states in the country, with the San Joaquin Valley accounting for the substantial majority of in-state production. The basin’s mature, low-decline wells fit Peregrine’s preferred royalty profile — steady cash flow under established operators.

“This was an opportunity to add geographic diversification in a basin that doesn’t typically come across our desk,” the Peregrine team commented. “California production has a long runway and the wells in this package have been producing for decades.”

The deal reflects Peregrine’s nationwide approach to royalty acquisition — extending from Appalachia to California to the Rockies — and adds further diversification to the firm’s portfolio of producing-royalty cash flows.

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.