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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.
Rising Phoenix did not disclose the terms of the transaction or the seller, but CEO and Founder Jace Graham noted that their clients chose to divest out of their oil and gas royalties “due to its volatile nature, increasing regulations and possible future unfavorable capital gains tax legislation.”
“It made sense for their estate planning to sell and reinvest the proceeds into a more financially stable asset,” he added in the release.
Since 2009, Rising Phoenix has successfully identified, evaluated, acquired and managed incoming producing properties of over $140 million in private assets in oil and gas basins nationwide.
Common situations why Rising Phoenix clients choose to divest some or all of their royalty assets include estate planning, optimizing tax benefits, funding retirement, immediate financial need, estate liquidation and investment portfolio diversification, the company said in its release.
Further, Rising Phoenix’s mineral sale evaluation process includes an in-depth reservoir analysis completed by a reputable third party geological engineering firm with expertise in all U.S. basins, which Graham said is shared with the company’s clients so they can make an educated decision on what their assets are worth.
“It’s our goal to demystify the process and guide owners step-by-step through our evaluation and acquisition process,” he said.
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