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Drilling Rig in Mesa County, Colorado
Quick Evaluations and Prompt Closings Help Local Royalty Owner Divest
DENVER, COLORADO, USA, April 8, 2021 /EINPresswire.com/ 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 ....

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