Peregrine Energy Partners Acquires EnerVest Energy Institutional Funds from EnerVest Ltd

March 9, 2022
By wsLKucCIUz 2 months ago

DALLAS, TEXAS, UNITED STATES, March 9, 2022 /EINPresswire.com/ — Peregrine Energy Partners is pleased to announce the acquisition of EnerVest Ltd’s. position as General Partner in EV Royalty Partners, and EnerVest Energy Institutional Funds.

With this transaction, Peregrine acquires an overriding royalty interest in 340,000 acres across multiple counties in the Marcellus and Utica reserves.

“As royalty funds wind down, Peregrine offers options that entail well thought out exit strategies,” says CJ Tibbs, Co-founder of Peregrine. “Our clients appreciate Peregrine’s process, transparency, and speed in their divestment.”

With a proven track record, Peregrine continues to seek out and acquire mature, end-of-life funds from private and public sectors looking to exit.

“The portfolio consists of interests under multiple quality operators that produce a balanced mix of gas and liquids,” says Peregrine Managing Director, Josh Prier. “We appreciate having this transaction across the line with Enervest and will continue to look for other such opportunities to add value to these types of royalty funds.”

About Peregrine Energy Partners
Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with more than 40 years of combined experience. Over the past 15 years, the company’s founders have worked and supported operators and mineral owners in 30 states across millions of acres.

Category:
  News
About

 wsLKucCIUz

  (48 articles)

Disclaimer

There are significant risks associated with investing in oil and gas royalties. The above information is for general purposes only and is not a solicitation to buy or an offer to sell any securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax advisor concerning the current tax laws and their applicability and effect on your personal tax situation. Risk factors including commodity prices and production can significantly impact the value of the asset and ability for an individual to get liquid. This is neither an offer to sell nor a solicitation of an offer to buy interests in oil and gas royalties.