Peregrine Energy acquires interests in six states, including Delaware Basin

Dallas-based Peregrine Energy Partners said last week it acquired producing and non-producing oil and gas minerals and royalties in six states, including Texas and New Mexico.  The newly acquired assets include interests in more than 1,100 producing wells operated by several of the industry’s leading companies.  The Texas and New Mexico assets included more than 400 net mineral acres in Delaware Basin.

The deals completed with multiple unnamed sellers continue Peregrine’s goal to build “a diversified portfolio that blends geographic and product exposure with dependable cash flow.”  With two decades of experience partnering with owners across 30 states, Peregrine said June 24 it plans to keep identifying similar opportunities that support long-term growth in minerals and royalties.