DALLAS–(BUSINESS WIRE)–#basin–Rising Phoenix Royalties (RPR), a prominent mineral and royalty acquisition company, today announced the closing of a notable deal for a mineral Interest property in Dawson, Texas. The deal encompasses 230 Net Royalty Acres (NRA) under acreage operated by SM Energy Company. This transaction builds on the momentum from last month’s announcement that the company had secured its first non-operated drilling acquisition in the DJ Basin, demonstrating the company’s diversification into the Permian Basin – the largest oil and gas minerals-producing region in the U.S.
“This acquisition underscores Rising Phoenix Royalties’ dedication to diversifying our mineral portfolio and capturing more upside potential,” said Jace Graham, CEO and Founder of Rising Phoenix Royalties. “By integrating a well-rounded approach that includes both producing and non-producing minerals, as well as non-operated working interests in the Permian Basin, we’re strategically enhancing our long-term growth prospects beyond our traditional PDP-focused strategy.”
This new deal demonstrates the company’s strength and expertise in purchasing undeveloped acreage in the most prominent basins in the country. Rising Phoenix Royalties in-house mineral advisors and network of industry brokers use a ‘boots on the ground’ approach to identifying opportunities and acquiring mineral interests beyond just producing assets, underscoring their dedication to being a values-driven, boutique minerals company.
“At Rising Phoenix Royalties, building strong relationships with mineral owners is at the core of what we do,” said Sal Fierro, Mineral Manager of Rising Phoenix Royalties. “This Dawson, Texas acquisition showcases our unwavering commitment to transparency and guiding our clients through every step of the process. We’re thrilled to include this property in our expanding portfolio.”
For more information about Rising Phoenix Royalties and their services, please visit www.risingphoenixroyalties.com.
About Rising Phoenix Royalties
Rising Phoenix Royalties is a leading mineral and royalty acquisition company specializing in providing mineral owners with competitive cash offers. With a focus on operational excellence and strategic acquisitions, Rising Phoenix Royalties delivers value and growth opportunities to investors in the energy sector.
Contacts
Aquila Mendez-Valdez
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(210) 606-5251
