Rising Phoenix Royalties Executes Strategic Divestiture in DJ Basin

Rising Phoenix Royalties has successfully closed a strategic divestiture in Weld County, Colorado, within the DJ Basin, showcasing its ability to swiftly act on drilling and development opportunities. The asset, situated under PDC Energy-operated acreage now part of Chevron, was acquired after identifying five drilled but uncompleted wells that remained inactive for over 18 months. The firm capitalized on the opportunity by negotiating and closing the deal promptly upon confirming a frack crew's presence on site.

Jace Graham, CEO and Founder of Rising Phoenix Royalties, emphasized the deal's alignment with the firm's operational ethos, highlighting the quick identification of opportunities, verification of field activity, and rapid execution to secure and monetize assets. A portion of the position was allocated to the Maroon Bells Fund, with the remainder sold to institutional buyers, illustrating the firm's flexible capital deployment and return strategy.

Adam Lapucha, VP of Engineering, attributed the transaction's success to the team's in-depth knowledge of the DJ Basin, underscoring the strategic, rather than coincidental, nature of the deal. This transaction is part of Rising Phoenix Royalties' ongoing strategy to leverage local intelligence and technical expertise in acquiring high-quality mineral assets ahead of broader market availability.

The firm continues to actively pursue both producing and undeveloped assets in the DJ, Permian, and Mid-Con basins, focusing on opportunities where operator signals align with its internal risk assessment models. For further details, visit https://www.risingphoenixroyalties.com.