Dallas, TX, April 11, 2018 --(PR.com
)-- Peregrine 1031 Energy Partners, a company assisting 1031 investors in diversifying their exchange, has agreed to acquire producing and non-producing oil and gas royalties in Mountrail, Burke, McLean, and Ward Counties, North Dakota as well as Lincoln County, MS.
The acquisition features production from over 300 currently producing wells in the prolific Bakken Shale and the Brookhaven Field in Mississippi. Managing Director CJ Tibbs commented, “The Bakken Shale, in general, is a play we know well and is an area we’ve worked with clients in for many, many years. Being as familiar as we are with this region has allowed us to step out and acquire a package like this that spans four counties throughout the Williston Basin.”
Over the past 12 months, Peregrine has been very active in the Bakken Shale region, deploying over $18 million to mineral owners looking for divestment options as part of their estate and tax planning strategy.
This acquisition will go to help feed a growing demand from 1031 investors who are looking to diversify their exchange into more than traditional real estate. “Most real estate investors are just now learning that they have options when it comes to replacement property for their 1031 exchange,” said Wolf Hanschen, Co-Founder of Peregrine. “Oil and gas royalties have been used for decades by investors existing brick and mortar real estate.”
Peregrine 1031 Energy Partners are private purchasers of oil and natural gas royalties with over 45 years of combined experience. Over the past two decades, the Founders at Peregrine have helped to source over $250 million in royalty assets for 1031 exchange clients.
With its corporate headquarters in Dallas and an acquisition office in Denver, Peregrine is dedicated to providing options for royalty owners looking to divest part of or all of their royalty interest while delivering 1031 replacement properties to clients looking for opportunities outside of traditional real estate.
To hear more about divestment options or to learn more on available 1031 properties, contact Wolf Hanschen at (214)-483-1997 or Wolf@peregrinelp.com. Visit peregrine1031.com to learn more.