Peregrine Energy Partners continues adding to its portfolio in the Appalachian Basin, agreeing to acquire producing royalties in Bradford County, Pennsylvania from a private seller in its latest deal, according to EIN Presswire.

The deal includes production from natural gas wells across 1,700 gross acres under Repsol, who’s been operating in the Marcellus Shale since 2015 and currently manages over 1,050 producing wells in NE Pennsylvania.

The current administration’s proposal to increase taxes on long-term capital gains has been a motivator for many mineral owners to consider looking objectively at what a divestment might look like today versus down the road when the tax liabilities from the sale may be more.

Learn more: EIN Presswire > Peregrine Acquires Royalties in NE Pennsylvania