Dallas-based Rising Phoenix Capital, privately held investment firm, said Monday it purchased mineral interests in Ector and Midland counties operated by ConocoPhillips. The asset includes both producing wells and near-term permitted drilling locations. Jace Graham, CEO, said, “We target high-quality operators, proven geology, and mineral interests that deliver dependable monthly income. This acquisition furthers our commitment to that discipline and strengthens our presence in the heart of the Midland.”
Monday’s announcement said this acquisition was the company’s fourth in Midland Basin in 2025.
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