Peregrine makes another acquisition in the Appalachian Basin
Tuesday, March 16, 2021
Peregrine Energy Partners recently acquired producing and non-producing oil and natural gas royalties in Marshall County, West Virginia from an undisclosed seller, adding to its portfolio in the Appalachian Basin, according to EIN Presswire.
The acquisition includes production from multiple oil and gas wells under Marcellus Shale producer, Chevron, whose regional production was taken over by EQT.
Peregrine Managing Director, Josh Prier, commented, “Peregrine is excited about this particular set of properties because they fit well within our acquisition criteria. Shallow declines, a best-in-class operator, and legacy reserves.” Prier added, “We expect this to be an asset that provides solid cash flow for years to come and will continue to look for additional similar opportunities both here in West Virginia and nationwide.”
Learn more: EIN Presswire > Peregrine Acquires Producing Royalties in West Virginia
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.