Quick Evaluations and Prompt Closings Help Local Royalty Owner Divest

DENVER, COLORADO, April 8, 2021 – Peregrine Energy Partners (“Peregrine”) has agreed to acquire producing royalties across Garfield and Mesa Counties, Colorado from a private seller (“Client”).

Peregrine finalized the royalty acquisition with over 100 natural gas wells under Caerus Oil & Gas, an active and private oil & gas producer. Caerus Oil & Gas is a leading local operator in the Piceance and Uinta Basins with their core assets including over 6,800 producing wells and a substantial undeveloped acreage position with over 8,000 future drilling locations.

Peregrine’s Client in this transaction was a colleague in the oil and gas royalty space. The acquisition developed as the Client reviewed options around their portfolio and underwent strategic planning for the future; interested in high-grading their portfolio and fast-forwarding cashflow from a passive income stream to redeploy the income towards more core areas of their business. Peregrine was approached because of their standing reputation for transparency throughout the process, and their ability to close quickly. The speedy and accurate process allowed the Client to receive capital within a matter of weeks.

“We are starting to have more and more conversations with colleagues from the industry in this same vein,” said Peregrine Managing Partner, C.J. Tibbs. “With pricing coming back to above pre-pandemic levels,” Tibbs continued, “there are folks in the royalty space now interested in potentially divesting pieces of their portfolios to return some liquidity to their investors and or simplify a bit of their back-office accounting challenges associated with the fractionalized interests.”

Peregrine works exclusively on producing oil and gas royalties and directly with mineral owners as well as industry professionals nationwide. To learn more or obtain an evaluation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.

About Peregrine Energy Partners

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 about Peregrine Energy Partners, please visit www.peregrinelp.com.

Texas-Based Company Continues to Provide Solutions for Royalty Owners Nationwide

MIDLAND, TEXAS, March 11, 2021 – Peregrine Energy Partners (“Peregrine”) has agreed to acquire producing royalties in Andrews County, Texas from an undisclosed private seller (“Client”). 

The acquisition features production from multiple wells under two Permian Basin producers, Perdure Petroleum and Legacy Reserves, Inc. (NYSE: LGCY). 

Peregrine worked alongside the Client, a ranching family, to divest non-core royalties in order to have the capital to reinvest in desired ranching equipment. 

The Client commented on the acquisition, “I was surprised and impressed with Peregrine’s communication and turnaround time. Our family wanted to move quick, but I wasn’t expecting this process to go as smooth and quick as it did. We hadn’t planned on selling, but after going through this process with Josh and his team, and running some numbers on our end, we’re confident we made the right choice.”

“Being a company who acquires producing oil and gas royalties nationwide,” said Josh Prier, Managing Partner at Peregrine, “we have been fortunate to have worked with numerous clients, each with a different set of circumstances and objectives. We strive to accommodate each client’s needs by first listening and then moving efficiently to get them meet their goals. We know their time is valuable, so we treat it as such.” 

Peregrine has worked with a number of clients in West Texas and will continue looking for additional opportunities to add value to royalty owners in the Permian Basin. The company works exclusively on producing oil and gas royalties and works directly with mineral owners as well as industry professionals nationwide. 

To learn more or obtain an evaluation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com. 

About Peregrine Energy Partners

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 about Peregrine Energy Partners, please visit www.peregrinelp.com. 

2020 has brought plenty of changes, challenges, and opportunities, especially for those in the energy industry.

While it’s been anything but smooth sailing, we here at Peregrine are grateful for the successes we’ve had this year and are excited to officially open the doors at our new headquarters in Dallas.

We are also happy to welcome aboard several new members of our Acquisition Team and are currently interviewing for the final spot.

We look forward to a strong start to 2021 and the opportunity to work alongside our oil and gas colleagues as we continue to move forward, one step at a time.

Acquisition Stretches Across 36 Counties in the Northeast

DALLAS, TEXAS, November 10, 2020 – Peregrine Energy Partners (“Peregrine”) announced the recent acquisition of producing mineral interests covering almost 3,000 net mineral acres throughout the Appalachian Basin.

The diversified mineral portfolio spans 36 counties, the bulk of which are located in gas-heavy regions of Pennsylvania and West Virginia. The acquired acreage includes over 300 producing wells under 22 operators including Range Resources (NYSE: RRC), Cabot Oil & Gas Corporation (NYSE: COG), and EQT Corporation (NYSE: EQT).

“We are excited about this latest acquisition as the geographic and operational footprint adds to our already diverse portfolio in the Northeast,” said C.J. Tibbs, Peregrine Managing Partner. “These properties had all of the qualities we look for in terms of low decline rates and therefore steady cash flows. We are optimistic that the improved outlook for natural gas prices will drive further activity across the non-producing sections of this acreage.”

Over the past several months, Peregrine worked closely with a family office who decided to simplify their estate as they worked to limit succession issues and eliminate the family’s ongoing management burdens associated with such a complex mineral portfolio.

Tibbs continued, “The asset management component can become very time-consuming and expensive, especially if this isn’t your core business. We are having more and more of these conversations with royalty owners who are looking to simplify their lives and/or spend more time in their core business as opposed to the ongoing management of their royalty interests.”

To learn more or obtain an evaluation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.

About Peregrine Energy Partners
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 about Peregrine Energy Partners, please visit www.peregrinelp.com.

Peregrine Continues Strong Acquisition Efforts to Round Out 2020

DALLAS, TEXAS, October 27, 2020 — Peregrine Energy Partners (“Peregrine”) is pleased to announce additional closings of producing royalty properties in multiple counties across the Marcellus Shale.

The most recent acquisitions, located in Greene County, PA and Guernsey County, Ohio, each contain multiple producing wells under EQT (NYSE: EQT) and Ascent Resources (NYSE: AST.L), respectively. Each acquisition was purchased from private sellers and closed over the past two weeks.

This marks the second acquisition in Ohio and the tenth acquisition in Pennsylvania this year for the Texas-based buyers.

Despite many other mineral buying firms halting activity in light of the recent market turmoil, Peregrine continues their steadfast efforts of working alongside royalty owners nationwide providing answers for clients looking for quick and simple divestment options.

“We’ve really enjoyed working with local mineral buyers, landmen and geologists who have helped connect our team to royalty owners in their backyard who are looking for relief,” said Josh Prier, Managing Director of Peregrine. Prier noted that many industry professionals are finding themselves with time on their hands due to the market slowdown and working with Peregrine provides them an opportunity to add value not only for royalty owners in the area they may know, but for their families as well.

Peregrine focuses exclusively on producing oil and gas royalties and works directly with mineral owners as well as local land professionals in multiple basins across the country. The company’s proven track record has allowed many sellers to fast-forward decades of income and avoid long-term tax liabilities.

To learn more or to obtain an evaluation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.

 

About Peregrine Energy Partners

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 about Peregrine Energy Partners, please visit www.peregrinelp.com.

 

Texas-based buyer adds to growing holdings in Marcellus Shale

DALLAS, TEXAS, October 13, 2020 — Peregrine Energy Partners (“Peregrine”) has announced the closing of producing royalty properties in the Marcellus Shale from multiple private sellers. The natural gas acquisitions in Tyler County, WV under Antero Resources (NYSE: AR) and Fayette County, PA under Chevron (NYSE: CVX) were both finalized in the first week of October.

As with many of the mineral owners Peregrine works with, the sellers recognized the opportunity to maximize the cash value of their property while minimizing the long-term tax liabilities. Both sought to re-deploy the cash proceeds into other areas of their financial portfolios where they had more control of the assets.

“As much as we liked the monthly income from our royalties,” one of the sellers noted, “this was an opportunity for us to take some chips off the table in what has been a pretty volatile natural gas market over the last couple of years. The lump sum payout we were able to get allowed us to pay off a chunk of debt and move into more liquid investments.”

While most royalty owners are initially averse to selling their interest, many of those that Peregrine works with have found out the hard way what it means to be over-weighted in the unpredictable market that is commodities, including oil and natural gas.

Peregrine’s Managing Director, C.J. Tibbs commented, “For years the mindset of royalty owners has been to hang onto what they have because Granddad told them so. We’ve started to see more sellers look at their royalty properties objectively in understanding the moving pieces and then working to provide the most value for their families moving forward. It’s not so black and white after all.”

To learn more or to obtain an evaluation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com. 

About Peregrine Energy Partners

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 about Peregrine Energy Partners, please visit www.peregrinelp.com.

DALLAS, TEXAS, October 1, 2020 — Peregrine Energy Partners has agreed to acquire producing mineral rights across 4,755 gross acres in Bradford County, PA for an undisclosed sum.

The producing natural gas acquisition is operated by Chief Oil & Gas and includes both producing and non-producing mineral rights. This represents the third acquisition of the year for Peregrine in this region of the Appalachia Basin.

“While we’ve traditionally been more active in the southwest portion of the state, we love the fundamentals of the northeast Marcellus Shale and have an internal goal to expand our footprint in those counties,” said Josh Prier, Managing Director of Peregrine.

Peregrine worked alongside the private sellers, a retired couple, who had the end-goal of simplifying their estate and reducing their overall tax bill. After reviewing the engineered evaluation of the property and comparing the estimated taxes on long-term gains vs. ordinary income, the couple decided it made sense to divest the interest and fast-forward the income.

Wolf Hanschen, Peregrine’s Co-Founder, commented, “One of our top objectives is to be a reliable and valued resource for our clients, whether they decide to sell or not. We know the decision to divest part or all of their royalties can be complicated, and each client’s situation is different. Accordingly, we strive to give them insight based on their specific circumstances as they look to understand the options in front of them.”

Despite the turbulent energy market in 2020, Peregrine has remained an active buyer of producing royalties throughout the year, often partnering with local land professionals to help connect with owners looking for a fast, fair, and simple sale process.

“The fourth quarter is usually one of our busier times of the year,” said C.J. Tibbs, Co-Founder of Peregrine.” Mr. Tibbs continues, “Around this time of year, owners are focused on estate clean-up and tax planning while local land professionals are looking for a strong finish to the year.”

To obtain an evaluation of your royalty interest or discuss ways to partner on potential acquisitions, please reach out to C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com. 

About Peregrine Energy Partners

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 about Peregrine Energy Partners, please visit www.peregrinelp.com.

Peregrine Energy Partners continues their acquisition of Marcellus and Utica Shale Royalty Assets

DALLAS, TEXAS, September 3, 2020 — Peregrine Energy Partners (“Peregrine”) has announced the closing of producing mineral interests in Monroe County, Ohio from a private seller.

In commenting on the transaction, the local royalty owner said of Peregrine, “They made the process seamless and continually went above and beyond as we worked together towards closing. I really appreciated the smooth and quick process from beginning to end.

The royalty owner continued, “After discussing my options with Mr. Prier, I decided that it was in my family’s best interest to sell part of my royalties in an effort to fast-forward the next half-decade of income and minimize my overall tax burden.”

This acquisition delivers on a key strategic objective of Peregrine as the company continues to target producing royalties in the Marcellus and Utica Shale formations. This marks the first acquisition in Ohio for Peregrine who has steadily expanded its Appalachia footprint.

The Founders have been active in Pennsylvania and West Virginia for over a decade but only recently began efforts to acquire royalties across the border in Ohio. “Ohio has been an area we’ve watched closely for the past few years,” said Josh Prier, Peregrine Managing Director. “As the current production has had some time to settle in and provide us with a clearer picture of the decline profile, we’ve begun to look for opportunities to work closely with the royalty owners and industry professionals in the Buckeye State.”

Peregrine finalized the acquisition of natural gas royalties in eastern Ohio under Montage Resources (NYSE: MR). Montage was recently acquired by Southwestern Energy (NYSE: SWN), now the third-largest operator in the Appalachia Basin.

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Discussing the acquisition, Wolf Hanschen, Peregrine Co-Founder, remarked, “Our team is excited about the prospect of working with additional royalty owners in Ohio to bring transparency and optionality about their oil and gas interests.”

The current state of the economy and fluidity of the oil and gas industry has Peregrine committed and focused in their efforts to provide clients with reliable and valuable insight throughout the decision-making process. When Peregrine engages with a royalty owner, the company delivers a professional evaluation of clients’ interests, thereby helping them better understand their options which puts them in a more comfortable position to make the best decision for their family.

To learn more or to obtain an evaluation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.

About Peregrine Energy Partners

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 about Peregrine Energy Partners, please visit www.peregrinelp.com.

DALLAS, TEXAS, August 28, 2020 — Peregrine Energy Partners has agreed to acquire producing royalties in Doddridge County, West Virginia from several private sellers.

Continuing their string of acquisitions in the Appalachian Basin, Peregrine finalized the acquisition of a private seller’s royalties in 17 producing natural gas wells across three units under Antero Resources and Jay-Bee Oil and Gas.

“We will continue to look for properties with a similar profile in the Marcellus; a diversified well count generating consistent cashflows with single digit decline rates under a well-capitalized, pure-play operator,” said Josh Prier, Peregrine Managing Director.

Peregrine is focused on working with and providing solutions for royalty owners and their families. Throughout the acquisition period, the company worked closely with multiple related royalty owners who had inherited this asset. The family’s initial goal was to solve succession issues to avoid fractionalizing the property further. However, after learning the significant financial opportunity and tax benefit of divesting now instead of receiving the passive income over the next handful of decades, the family decided to fast-forward the income.

The Texas based royalty buyer has been actively acquiring in the Marcellus Shale as well as across the country since the company’s inception. The current state of the economy and fluidity of the oil & gas industry has Peregrine committed and focused in their efforts to provide clients with reliable and valuable insight throughout their client’s decision-making process.

 

“Today more than ever, our clients are realizing the importance of diversification. Most of a royalty owner’s wealth is either in their home or their royalties. You cannot diversify your house, but you can with your royalties, and we are here to help owners do just that,” said C.J. Tibbs, Peregrine Co-Founder.

To learn more or to obtain a valuation of your royalty interest, please reach out to either C.J. Tibbs at (214) 329-1432 or cj@peregrinelp.com or Josh Prier at (303) 256-6275 or josh@peregrinelp.com.

 About Peregrine Energy Partners

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 about Peregrine Energy Partners, please visit www.peregrinelp.com.

About Antero Resources

Antero Resources is an independent natural gas and oil company engaged in the development and production of unconventional liquids-rich natural gas properties. The Company currently operates over 1,000 wells across the Appalachian Basin in West Virginia and Ohio. The Company’s website is located at www.anteroresources.com. Peregrine Energy Partners is an independent company and not affiliated with Antero Resources.

 

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
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