EOG Resources, Inc., one of United
State's largest and astute exploration and production companies, is
the operator of record
DALLAS, May 5, 2022
/PRNewswire/ -- Rising Phoenix Royalties (RPR) reveals the
purchase of an overriding royalty interest from an undisclosed
seller in the SCOOP/Woodford
Basin, located in McClain County,
OK. EOG Resources, Inc. (NYSE: EOG), is the well-site
Operator.
"This acquisition was an opportunity for us to expand our
position in the Mid-Con while helping the seller cash out on an
overriding royalty interest they had inherited many years ago,"
explained Jace Graham, RPR CEO and
Founder. "Our team was able to go above and beyond to cure several
nuances associated with the override's title that ultimately
allowed a clean closing with the seller."
"At Rising Phoenix we have the expertise, gleaned from decades
of underwriting numerous oil and gas royalty transactions, to help
streamline the due diligence process, especially in situations
where there may be issues with the assets title or other ownership
complications '' continued Graham. "It's understandable that
sometimes people just don't know where to begin with royalty title
problems. That's where our team of professionals come in to sort
out the title defects so the mineral owner can sell their assets
quickly and efficiently."
Houston based EOG Resources,
Inc.is one of the United State's largest natural gas and crude oil
production and exploration companies, with proved reserves in the
US, China, and Trinidad. EOG executes to keep the lowest
possible operating cost that is consistent with strong
environmental stewardship, performance, and safe, efficient
operations.
The RPR royalty acquisition process includes an in depth
reservoir analysis by a third party geological engineering firm
with expertise in all US Basins. The third party research provides
royalty owners peace of mind and transparency in knowing the
valuation data used in the purchase offer formulation.
RPR clients choose to sell their mineral assets for many reasons
including but not limited to immediate financial need, optimizing
tax benefits, funding retirement, estate planning, estate
liquidation, and investment portfolio diversification.
Rising Phoenix Royalties offers free royalty interest
evaluations. Contact our team today at 214-949-4928 or
minerals@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 $75 million in
mineral and royalty assets in oil and gas basins nationwide. Learn
more at www.risingphoenixroyalties.com.
Rising Phoenix Royalties
214-949-4928
royalties@rising-phoenix.com
www.risingphoenixroyalties.com
Join RPR on Facebook and LinkedIn.
Contact:
Zach Sodolak
Marketing
Rising Phoenix Royalties
zach@rising-phoenix.com
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SOURCE Rising Phoenix Royalties