Yesterday, Rising Phoenix Capital, an investment firm specializing in oil and gas royalty acquisitions, announced the launch of the La Plata Peak Income Fund, a $20 million royalty fund. Rising Phoenix is looking for investors to buy into the fund. Once the company hits its target (maybe before), it will go on the hunt for…
Rising Phoenix Royalties (RPR) announced it has purchased the future royalty payments from a landowner in the Marcellus Shale, in Washington County, PA. This latest purchase by RPR covers 98 acres drilled under by Range Resources. This is not the first RPR transaction we’ve reported on.
Yesterday Rising Phoenix Royalties (RPR) announced it has purchased the future royalty payments from a landowner in the Utica Shale, in Monroe County, OH. This acquisition is RPR’s third Marcellus/Utica transaction this year.
We have chronicled a number of companies that buy royalty and/or mineral rights from landowners in the Marcellus/Utica over the years (see our previous stories about royalty mineral rights sales here). We’ve written about White Hawk Energy, Rising Phoenix Royalties, Kimbell Royalty, and Peregrine Energy. One company that is a big player in the M-U…
Using investment capital from Preferred Capital Securities, WhiteHawk Energy is buying mineral and royalty rights in southwestern Pennsylvania, primarily in Washington and Green counties, for $52.5 million. The assets include production and cash flow from over 950 horizontal Marcellus Shale wells. The wells are operated by EQT, CNX Resources, and Range Resources.
A few weeks ago MDN told you about Peregrine Energy Partners buying royalty payment rights from landowners in Doddridge County, WV (see Peregrine Buys Royalty Rights from Doddridge County, WV Landowners). We have another purchase by Peregrine, this time in Monroe County, OH. Plus a similar company that buys royalty interests has made its second…