Dallas-based Rising Phoenix Capital, privately held investment firm, said last week it acquired mineral rights in Midland Basin operated by ConocoPhillips through its Maroon Bells Fund. The acquisition in Ector and Midland counties includes both producing wells and near-term permitted development. Jace Graham, CEO, said July 11, “This deal strengthens our position in the heart of the Midland Basin and supports our strategy of dependable cash flow and upside potential… We underwrite for predictability, not hype. Our focus remains on acquiring top-tier mineral assets in core basins leased to highly capable operators.”
The deal marks Rising Phoenix Capital’s fourth acquisition in Midland Basin in 2025.
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