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Peregrine Acquires Interest in Allegheny County, PA

July 11, 2018
By ciadmin 2 years ago

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.

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.

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