Dallas-based Rising Phoenix Royalties Lands Third Acquisition of 2022

Rising Phoenix Royalties’ latest acquisition in the Woodford Basin is a great example of the company’s ability to assist sellers with smaller to medium size deals, says CEO and Founder Jace Graham.

Hart Energy Staff

Rising Phoenix Royalties disclosed on Jan. 27 an acquisition of royalty acreage in the Woodford Basin in Oklahoma’s Stephen County—marking the Dallas-based company’s third deal so far this year.

“The Stephens County acquisition is a great example of our ability to assist sellers with smaller to medium size deals,” Jace Graham, CEO and founder of Rising Phoenix Royalties, commented in a release from the company.

The Stephens County acquisition comprises roughly 5 net royalty acres (49% oil / 51% natural gas) from an undisclosed seller. The terms of the transaction were also not disclosed. Ovintiv Inc. is the wellsite operator, according to the release.

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