DALLAS, Nov. 17, 2020 /PRNewswire/ -- Rising Phoenix
Royalties (RPR) announces a 100% natural gas royalty acquisition in
the Utica Shale, Monroe County,
OH, from an undisclosed seller. This acquisition is RPR's
third 2020 Appalachian Basin transaction.
"Given the Utica's production
potential due to significant proven recoverable reserves, this
acquisition is anticipated to generate stable cash flow for many
years," notes Janie Widman, Vice
President of Rising Phoenix Royalties. "From a royalty owner's
perspective, asset divestitures like this one often makes sense to
settle estates or optimize investment portfolios. Our goal is to
provide owners with thoughtful guidance on what makes the best
financial sense for their unique divestiture."
RPR helps mineral royalty owners with solutions in selling their
mineral assets to achieve financial goals, including but not
limited to estate liquidation, investment portfolio
diversification, funding retirement, maximizing tax benefits,
purchasing real estate, and immediate financial
need.
Montage Resources, well site operator of the producing royalty
interest acquired by RPR, operates over 325 producing horizontal
wells on 195,000 + net effective undeveloped core acres in the
Appalachian region. Its current focus is on development of the
Marcellus and Utica Shales.
Montage Resources Corporation and Southwestern Energy Company
(NYSE:SWN) announced earlier this year, a definitive merger
agreement where Southwestern Energy will acquire Montage
Resources.
Rising Phoenix Royalties is pleased to offer free evaluations on
your mineral rights and royalty interests. Contact Janie Widman at 214.915.9288 or
janie@rising-phoenix.com.
About Rising Phoenix Royalties
Rising Phoenix Royalties, Dallas,
TX, is a privately held independent mineral and royalty
interest acquisition company built on four generations of oil and
gas industry expertise. Since 2009, RPR has successfully
identified, evaluated, acquired, and managed incoming producing
properties of over $140 million in
mineral and royalty assets in oil and gas basins nationwide. Learn
more at www.risingphoenixroyalties.com.
About Montage Resources
Montage Resources Corporation (NYSE: MR) is an exploration and
production company with approximately 195,000 net effective core
undeveloped acres currently focused on the Utica and Marcellus Shales of Southeast Ohio, West
Virginia, and North Central
Pennsylvania. www.montageresources.com.
Janie Widman
Rising Phoenix Royalties
214-915-9288
janie@rising-phoenix.com
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SOURCE Rising Phoenix Royalties