Rising Phoenix Royalties Acquires Range Resources’ Acres in Marcellus Shale, Pennsylvania
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Rising Phoenix Royalties (RPR) revealed another natural gas royalty acquisition spanning 98 net royalty acres in the Marcellus Shale, Washington County, Pennsylvania. Range Resources Corporation, a leading U.S. independent natural gas and NGL producer, is the well-site operator.
“Our clients chose to divest out of their oil and gas royalties due to its volatile nature, increasing regulations, and possible future unfavorable capital gains tax legislation. It made sense for their estate planning to sell and reinvest the proceeds into a more financially stable asset,” said Jace Graham, RPR CEO and founder.
For more than 25 years RRC has operated in Pennsylvania covering nearly a million net mineral acres, the majority of which comprises stacked pay potential for the Upper Devonian, Utica, and Marcellus shale formations. In addition, with its decade-long commitment to a large-scale water recycling program, RRC became the industry’s first company to reuse nearly 100 percent of its Pennsylvania produced water.
At RPR, the mineral sale evaluation process includes an in-depth reservoir analysis completed by a reputable third party geological engineering firm with expertise in all U.S. Basins.
“We share this data so mineral owners can make an educated decision on what their assets are worth. It’s our goal to demystify the process and guide owners step-by-step through our evaluation and acquisition process,” said Graham.
About Rising Phoenix Royalties
Rising Phoenix Royalties, Dallas, Texas, is a privately held independent mineral and royalty interest acquisition company built on four generations of oil and gas industry expertise. Since 2009, RPR has successfully identified, evaluated, acquired, and managed incoming producing properties of over $140 million in private assets in oil and gas basins nationwide.
To stop by Rising Phoenix’s website, CLICK HERE
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