Rising Phoenix Announces Eagle Ford Basin Oil & NG Royalty Acquisition

Source: www.gulfoilandgas.com 1/13/2022, Location: North America

Rising Phoenix Royalties (RPR) reveals a 90% oil/10% natural gas royalty acquisition of 121 net royalty acres from an undisclosed seller in the Eagle Ford Basin, Karnes County, TX.

"For the Karnes County acquisition, we were fortunate to work with a client with whom we had previously purchased oil and gas royalties," noted Jace Graham, RPR CEO and Founder. "Our client appreciated the trusted business relationship established from the prior sale, the transaction transparency, and our typical quick closing time."

"Many royalty owners choose to sell to Rising Phoenix because we're known for our quick evaluations and hassle-free closings on varying acquisition sizes ranging from just a few acres to thousands of acres," continued Graham. "No matter what the deal size is, we have the tech and expertise to accommodate tight deadlines."

Houston, TX based Marathon Oil Corporation is an independent production and exploration company that focuses on the United States' most competitive resource plays. Their multi-basin portfolio includes the Eagle Ford in Texas, SCOOP and STACK in Oklahoma, the Permian in New Mexico, and the Bakken in North Dakota with a production mix of approximately 50% oil and 50% gas/NGL.

The RPR royalty acquisition process includes a reservoir analysis by a third-party geological engineering firm with expertise in all US Basins. The third-party report provides royalty owners transparency in knowing the valuation data used for the purchase offer.

Circumstances that cause RPR clients to divest their royalty assets include estate planning, funding retirement, optimizing tax benefits, immediate financial need, estate liquidation, and investment portfolio diversification.


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