Rising Phoenix Royalties Executes Strategic Divestiture in DJ Basin

Rising Phoenix Royalties, a mineral and royalty acquisition firm, has announced the completion of a strategic divestiture in Weld County, Colorado, within the DJ Basin. This transaction underscores the firm’s operational agility and its capability to swiftly act on drilling and development signals. The divested asset, situated under acreage operated by PDC Energy—now part of Chevron—was initially acquired after Rising Phoenix identified five drilled but uncompleted wells that had been inactive for over 18 months. The firm expedited negotiations and closed the deal upon confirmation of a frack crew’s presence on site.

Jace Graham, CEO and Founder of Rising Phoenix Royalties, described the transaction as emblematic of the firm’s approach: identifying opportunities, verifying field activity, and moving quickly to secure assets. A portion of the position was allocated to the Maroon Bells Fund, with the remainder sold to institutional buyers, illustrating the firm’s strategy to maximize value and maintain flexibility in capital deployment.

The deal was facilitated through the RP Royalties platform, which specializes in basin-specific execution and the revitalization of underdeveloped mineral assets with near-term potential. Adam Lapucha, VP of Engineering, emphasized the team’s deep basin knowledge and proactive stance, which were critical to the transaction’s success.

This latest achievement is part of Rising Phoenix Royalties’ ongoing success in the DJ Basin, where it employs a ground game strategy combining local intelligence, technical underwriting, and a network of brokers to identify high-quality mineral assets ahead of the broader market. The firm continues to explore opportunities in the DJ, Permian, and Mid-Con basins, targeting both producing and undeveloped assets that meet its risk assessment criteria.

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