Rising Phoenix Royalties Executes Strategic Divestiture in DJ Basin

Rising Phoenix Royalties, a privately held mineral and royalty acquisition firm, has announced the successful closing of a strategic divestiture in Weld County, Colorado, located in 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 PDC Energy-operated acreage 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 flexible strategy in capital deployment and returns.

The deal was facilitated through the RP Royalties platform, which specializes in basin-specific execution and revitalizing underdeveloped mineral assets with imminent catalysts. Adam Lapucha, VP of Engineering, emphasized the team's deep basin knowledge and strategic timing as key factors in the transaction's success.

This latest divestiture adds to Rising Phoenix Royalties' series of achievements in the DJ Basin, where it employs a ground game strategy combining local intelligence, technical underwriting, and a network of boots-on-the-ground brokers to identify high-quality minerals ahead of the broader market. The firm continues to actively pursue both producing and undeveloped assets in the DJ, Permian, and Mid-Con basins, aligning operator signals with its internal risk models.