DICKINSON, ND, July 11, 2018 – Peregrine 1031 Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Dunn County, ND.
The purchase features production from numerous producing wells under ConocoPhillips in Dunn County, ND, part of the prolific Bakken Shale. The Bakken Shale represents one of ConocoPhillips’ 5 core plays in North America and is an area they look to help offset decline from other projects globally.
“The Bakken Shale is an area we are very familiar with as we’ve had the good fortune to be able to work with a number of royalty owners and their families in providing options around the mineral ownership,” commented Managing Director C.J. Tibbs. “We will continue to look for opportunities where we can be a resource and add value for royalty owners in the Bakken and are excited about this latest acquisition in Dunn.”
Peregrine continues to work with landowners in most major basins across the U.S., adding value through their experience and transparency. “By focusing our efforts to deliver relevant and detailed information to our clients regarding their minerals, we provide fact-based data that helps to improve their understanding of the asset, and ultimately the family portfolio as well,” said Mr. Tibbs.
The most recent acquisition in Dunn County will help feed continued demand from 1031 investors who are looking to diversify their exchange into more than traditional real estate. “Oil and gas royalties have been used for decades by investors in existing brick and mortar real estate,” said Wolf Hanschen, Co-Founder of Peregrine. He went on to say, “Many of the investors we work with who focus solely on real-estate are just now becoming aware of the fact that they have options regarding their replacement property. Our clients are intrigued by Peregrine’s ability to consistently source and provide opportunities with long term cashflow in an asset class not correlated to real-estate or the market in general.”
Peregrine 1031 Energy Partners are private purchasers of oil and natural gas royalties with over 45 years of combined experience. Over the past twenty years, the Principals at Peregrine have helped to source more than $250 million in royalty assets for 1031 exchange clients.
To hear more about divestment options or to learn more on available 1031 properties, contact Wolf Hanschen at (214)-483-1997 or Wolf@peregrinelp.com.