FAQ: Rising Phoenix Royalties' Strategic Divestiture in Weld County

What is the main topic of this announcement?

The announcement highlights Rising Phoenix Royalties’ successful closing of a strategic divestiture in Weld County, Colorado, within the DJ Basin.

Why is this divestiture significant?

This divestiture demonstrates Rising Phoenix Royalties’ operational model and their ability to quickly act on drilling and development opportunities, maximizing value for their stakeholders.

How did Rising Phoenix Royalties identify and acquire the asset?

They identified five drilled but uncompleted wells (DUCs) that had been idle for over 18 months and moved quickly to negotiate and close on the asset once a frack crew was confirmed on location.

Who is involved in this transaction?

Rising Phoenix Royalties, led by CEO and Founder Jace Graham and VP of Engineering Adam Lapucha, executed the transaction through their RP Royalties platform.

Where is the asset located?

The asset is located in Weld County, Colorado, at the heart of the DJ Basin, under PDC Energy-operated acreage, now part of Chevron.

What does this deal say about Rising Phoenix Royalties’ strategy?

The deal exemplifies their ground game strategy, combining local intelligence, technical underwriting, and quick action to source high-quality minerals before they hit the broader market.

What are the implications of this deal for Rising Phoenix Royalties?

This deal strengthens their position in the DJ Basin and showcases their model of moving with conviction, maximizing value, and staying flexible on capital deployment and returns.

How can I get more information or a valuation on my mineral rights?

For more information or to receive a valuation on your mineral rights, visit www.risingphoenixroyalties.com.