Dallas-based Rising Phoenix Royalties said last week it closed on a deal for mineral interest property in Dawson County. The acquisition for 230 net royalty acres is operated by SM Energy Co. Jace Graham, CEO, said Aug. 29, “This acquisition underscores Rising Phoenix Royalties’ dedication to diversifying our mineral portfolio and capturing more upside potential. By integrating a well-rounded approach that includes both producing and non-producing minerals as well as non-operated working interests in the Permian Basin, we’re strategically enhancing our long-term growth prospects.”
Sal Fierro, mineral manager, added, “This Dawson acquisition showcases our unwavering commitment to transparency and guiding our clients through every step of the process. We’re thrilled to include this property in our expanding portfolio.”