Saturday, March 3, 2018

"1031 Exchange" Information

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.


July 12, 2018: a google search for "1031 exchange" puts this "hit" at or near the top suggesting a lot of folks with an interest in this subject have found the information at that site useful. 

July 12, 2018: another group with 1031 exchange experience, apparently, is The 1031 Team. I cannot vouch for or recommend any company I might mention on the blog, but I will say that this group has been very responsive with regard to e-mail correspondence.

Original Post

March 1, 2018.

A reader sent me this link. I am vaguely aware of Peregrine; occasionally it shows up in the news and on the "Bakken operators" page.

Peregrine 1031 Energy Partners, a company assisting 1031 investors in diversifying their exchange, has agreed to acquire producing and non-producing oil and gas royalties in Divide County, North Dakota from an undisclosed seller.

The acquisition features production from a number of currently producing wells in the prolific Bakken Shale oil basin. Josh Prier, Peregrine Managing Director, stated, “The Bakken Shale, in general, is a play we know well and is an area we’ve worked with clients in for many, many years. We’re excited about this latest acquisition as we continue to bring world class assets to our investor base from all over the United States.”

Over the past 12 months, Peregrine has been very active in the Bakken Shale region, deploying over $14 million to mineral owners looking for divestment options for part or all of their producing royalties.

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