pa – Peregrine 1031

Peregrine’s Marcellus Royalty Acquisitions Continue Quick and reliable process helps local royalty owner fast-forward income

support — Thu, 06 Aug 2020 15:55:34 +0000

DALLAS, TEXAS, August 6, 2020 — Peregrine Energy Partners has agreed to acquire producing royalties in Fayette County, PA from a private seller.

Peregrine has been focused on working with and providing solutions for natural gas owners and their families, as this marks their 10^th acquisition in the Marcellus Shale during 2020.

The company continues to pursue exclusively producing oil and gas royalties and works directly with mineral owners as well as land professionals and industry contacts across the United States to source royalty properties.

This year, Peregrine has found that an increased number of clients have decided to explore different financial options for themselves and their families. “Our clients are looking for quick and simple divestment solutions to provide them with flexibility as they reevaluate their retirement or succession plans. They want stability for their families and see that the immediate cash flow and tax benefits outweigh potential market volatility and a payout over time,” said C.J. Tibbs, Peregrine Co-Founder.

Tibbs continued, “At Peregrine, our goals are to deliver a transparent analysis of our client’s asset to them, help them understand all their options around that property so they can make decisions for both their short and long-term future, and to provide financial opportunities when appropriate.”

The transaction featured production from 15 wells currently operated by Chevron. “This acquisition had all of the characteristics we look for in royalty properties due largely in part to the more stable production and shallow decline rates,” says Josh Prier, Peregrine Managing Director. “We will continue to look for more opportunities, nationwide, where we can provide options and financial relief to royalty owners.”

To learn more or to obtain a valuation of your minerals, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com.

Josh Prier
Peregrine Energy Partners
+1 303-256-6275
email us here

Peregrine Acquires Mineral Rights in Pennsylvania and West Virginia

support — Thu, 28 May 2020 15:19:19 +0000

Quick evaluations and prompt closings help local landowners in tough times.

DALLAS, TEXAS, UNITED STATES, May 28, 2020 /EINPresswire.com/ — Peregrine Energy Partners has agreed to acquire producing royalty interests in Washington County, PA as well as in Tyler and Richie Counties, WV from various undisclosed sellers.

These acquisitions feature production
from numerous producing natural gas
wells under Range Resources (RRC),
Antero Resources (AR) and EQT
Corporation (EQT), all pure-play operators dedicated to the Appalachian Basin where they collectively operate over 9,500 wells on 2,500,000 gross acres across 3 states.

“The Appalachian Basin and specifically the Marcellus Shale is an area we’ve been a fan of for many years as it’s proven itself a consistent source of high-quality, natural gas assets operated by basin-specific operators like EQT, Range, and Antero,” said Peregrine Co-Founder Wolf Hanschen. “When you have these geographically-dedicated operators spending north of $2 billion this year alone, it gives us the confidence to lean in on properties like these, even with all of the current unknowns in the broader markets,” commented Hanschen.

Although oil prices have seen a marked rebound in the last 30 days, Peregrine continues to focus its buying efforts on natural gas production as that market has been much less severely impacted by the demand destruction of COVID-19 and supply shock caused by international price wars in the oil sector.”

“While we’d fundamentally love to acquire oil assets right now, the buy-sell gap has just been too much to overcome in most instances,” noted CJ Tibbs, Peregrine’s Co-Founder. “Because we buy based off of current cash flow numbers,” Tibbs continued, “It can be hard to agree on what the future royalty revenue will look like when you’ve had this much volatility within the oil market in Washington County, PA the last few months.”

Peregrine continues to source its acquisitions through a combination of in-house landmen and outside industry partners. “We’ve really enjoyed connecting with and working alongside new industry contacts in various basins throughout the county,” said Josh Prier, Managing Director of Peregrine. “We are hearing from many industry professionals who find themselves with time on their hands due to the market slowdown,” noted Prier. “Working with Peregrine provides them an opportunity to add value not only for royalty owners in the area, but also helps keep them active in the space while we ride out this downturn together.”

Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 50 years of combined experience. Over the past 16 years, the company’s founders have enjoyed working with hundreds of mineral owners in 30 states across millions of acres.

To learn more or to obtain a valuation of your minerals, contact Josh Prier at (303)-256-6275 or josh@peregrinelp.com. To learn more about available 1031 properties, contact Wolf Hanschen at (214)-483-1997 or Wolf@peregrinelp.com.

Peregrine Acquires Interest in Allegheny County, PA

support — Mon, 29 Apr 2019 19:09:17 +0000

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.

Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Allegheny County, Pennsylvania from an undisclosed seller.

“This acquisition features Natural Gas production from a Tier 1 operator in the region- Range Resources,” commented Peregrine’s Co-Founder, C.J. Tibbs.

“With Range Resources allocating 90% of their 2019 Capital Program to Marcellus Shale they continue to be a leading independent natural gas, NGL, and oil producer not only across the country, but specifically in
the Appalachian Basin,” mentioned Josh Prier, Peregrine’s Managing Director. He went on to say that the fact that Range produced ~2.225 Mmcfe/d in the First Quarter of 2019 alone, along with the solid year of reserve additions Range exemplified in the previous year “assures Peregrine that Range continues to be a prime, reliable production operator in the region” and “keeps Peregrine eager to continue acquiring assets
from Range moving forward.”

Over the past few years, Peregrine has been extremely active in the North-East basin known as the Marcellus Shale. “While the Marcellus Shale region provides a large contiguous acreage position allowing for long-later development, Range Resources’ large inventory of low risk development drilling opportunity assures Peregrine that this investment has the capacity and potential to be an extremely lucrative asset to our company,” continued Mr. Prier.

Peregrine continues to evaluate strategic initiatives available to the company with the focus of maximizing value for the company, as well as yielding a higher chance of capitalization for 1031 investors looking to diversify their exchange into more than traditional Real Estate. As Peregrine has seen a growing demand for 1031 diversification, this acquisition will aid in boosting that market. “Most Real Estate investors are unaware of the advantageous alternatives that are present with regards to replacement property for their 1031 Exchange,” said Wolf Hanschen, Co-Founder of Peregrine. “Oil & Gas royalties have been a beneficial asset for decades as an anomalous method to maximize investors’ real estate profits.”

Peregrine Energy Partners are private purchasers of oil and natural gas royalties with over 50 years of combined experience. Over the past 15 years, the company’s founders have enjoyed working with hundreds of mineral owners in 30 states across millions of acres.

With its corporate headquarters in Dallas and an acquisition office in Denver, Peregrine is dedicated to providing value and optionality to royalty owners to maximize the value of their minerals while delivering institutional quality royalty properties to clients looking for long-term monthly income from a non-correlated asset class.