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New ConocoPhillips Deal Marks Rising Phoenix Capital’s Continued Push into Texas’ Midland Basin

Published: May 16, 2025 |

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Rising Phoenix Capital has made a strategic purchase of mineral interests in Ector and Midland Counties, Texas, operated by ConocoPhillips.

This purchase strengthens the firm’s growing position in the core of the Midland Basin, widely regarded as one of the most prolific energy-producing regions in the United States.

“Our underwriting is built around predictability — not hype. We target high-quality operators, proven geology, and mineral assets that deliver dependable monthly income,” said Jace Graham, CEO and founder of Rising Phoenix Capital.

“This acquisition furthers our commitment to that discipline and strengthens our presence in the heart of the Midland,” added Graham.

The asset includes both producing wells and near-term permitted drilling locations, offering investors a low-risk entry point into sustained monthly cash flow and long-term upside from future development.

This marks the firm’s fourth Midland Basin acquisition in 2025, reflecting Rising Phoenix Capital’s focused ground game and direct sourcing strategy. Rather than purchasing marketed packages, the firm builds institutional-grade portfolios through direct relationships with landowners, brokers, and mineral managers.


Rising Phoenix Capital is a privately held investment firm specializing in direct, alternative asset investments across oil and gas minerals, royalties, non-operated working interests, and real estate. With four generations of experience in energy and real estate, they combine industry expertise with a hands-on approach to deliver strong, stable returns.


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