Texas-based company, Peregrine Energy Partners, has agreed to acquire producing and non-producing oil and gas royalties in Fremont County from an undisclosed seller.
“This is an unprecedented time, both for those in the energy sector as well as landowners who have seen their income shrink and divestment options disappear over the last 60 days,” said Wolf Hanschen, Co-Founder of Peregrine. “While most of our clients end up holding onto part of their royalties, they realize that by selling even some of their interest, they can quickly free up the cash they need to bridge the gap until this shutdown comes to an end.”
For over 10 years, Peregrine has been active in the Rocky Mountain region with an acquisition office in Denver. Their focus is exclusively on producing oil and gas royalties and works directly with mineral owners as well and land professionals and industry contacts in the area to source royalty properties.
“What we’ve really enjoyed lately is working with ‘boots on the ground’ individuals who have helped connect Peregrine to those royalty owners in their area looking for options,” said Josh Prier, Managing Director of Peregrine. “These individuals we partner with are typically landmen or other industry colleagues who are looking for ways to stay active during this downturn,” Prier commented.