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Rising Phoenix Royalties Acquires 15 PDP Wells in DJ Basin
Friday 22 January 2021

Texas-based mineral and royalty interest acquisition company Rising Phoenix Royalties has acquired its third DJ Basin oil and natural gas supplier, with 15 PDP wells in Colorado, from an undisclosed seller, the company said.

Terms of the transaction were not disclosed.

Kerr-McGee Oil and Gas Onshore LP is the well-site operator and manages 2.3K producing wells in 5 Colorado counties, including Weld County.

Data on file shows 2.2m barrels of oil and 24.7 MCF of gas produced in September 2020.

Rising Phoenix Royalties is a privately held independent mineral and royalty interest acquisition company that has identified, evaluated, acquired, and managed incoming producing properties of over USD 140m in mineral and royalty assets in oil and gas basins nationwide.
Date Published: 22/01/2021