Rising Phoenix Royalties Executes Strategic Divestiture in DJ Basin

Rising Phoenix Royalties, a mineral and royalty acquisition firm, has announced the closing of a strategic divestiture in Weld County, Colorado, within the DJ Basin. This transaction underscores the firm's operational agility and its capacity to swiftly respond to 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 finalized the acquisition 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 acting decisively. A portion of the asset was allocated to the Maroon Bells Fund, with the remainder sold to institutional buyers, illustrating the firm's flexible capital deployment and return strategy. The deal was facilitated through the RP Royalties platform, which specializes in basin-specific execution and the revitalization of underdeveloped mineral assets with imminent catalysts.

Adam Lapucha, VP of Engineering, emphasized the team's deep basin knowledge and strategic timing as key to the transaction's success. This latest deal adds to Rising Phoenix Royalties' series of achievements in the DJ Basin, where it employs a ground game strategy combining local expertise, technical underwriting, and timely intelligence to secure premium mineral assets 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.