Dallas-based Rising Phoenix Scores Marcellus Shale Acquisition

Rising Phoenix Royalties on Jan. 6 revealed a transaction described by the Dallas-based company as “another natural gas royalty acquisition” in the Marcellus Shale.

Built on four generations of oil and gas industry expertise, Rising Phoenix is a privately held independent mineral and royalty interest acquisition company focusing on the Haynesville Shale, Barnett Shale, Eagle Ford Shale and Anadarko Basin.

The Marcellus Basin mineral acquisition spans 98 net royalty acres in Pennsylvania’s Washington County. Range Resources Corp. is the wellsite operator, according to the company release.