DENVER, CO, March 1, 2018 — Peregrine 1031 Energy Partners, a company assisting 1031 investors in diversifying their exchange, has agreed to acquire producing and non-producing oil and gas royalties in Divide County, North Dakota from an undisclosed seller.
The acquisition features production from a number of currently producing wells in the prolific Bakken Shale oil basin. Josh Prier, Peregrine Managing Director, stated, “The Bakken Shale, in general, is a play we know well and is an area we’ve worked with clients in for many, many years. We’re excited about this latest acquisition as we continue to bring world class assets to our investor base from all over the United States.”
Over the past 12 months, Peregrine has been very active in the Bakken Shale region, deploying over $14 million to mineral owners looking for divestment options for part or all of their producing royalties.
This acquisition will go to help feed a growing demand from 1031 investors who are looking to diversify their exchange into more than traditional real estate. “Most real estate investors are just now learning that they have options when it comes to replacement property for their 1031 exchange,” said Wolf Hanschen, Co-Founder of Peregrine. “Oil and gas royalties have been used for decades by investors existing brick and mortar real estate.”
Peregrine 1031 Energy Partners are private purchasers of oil and natural gas royalties with over 45 years of combined experience. The company has enjoyed working with hundreds of mineral and royalty 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 properties while delivering 1031 replacement properties to clients looking for options outside of traditional real estate.
To learn more or to obtain a valuation of your minerals, contact CJ Tibbs at (214)-329-1452 orCJ@peregrinelp.com. To learn more about available 1031 properties, contact Wolf Hanschen at (214)-483-1997 or Wolf@peregrinelp.com.