Phoenix Capital Group Closes Over 4,000 Net Royalty Acres In Colorado -- November 15, 2022

The DJ Basin is tracked here.

Mineral acres in the Denver-Julesburg:

• $33 million / 4,000 net acres = $8,250 / acre.

Press release.

Phoenix Capital Group Closes over 4,000 Net Royalty Acres in Colorado from City of Thornton.

Transaction is one of the largest mineral acquisitions in DJ Basin history

DENVER – November 10, 2022 – Phoenix Capital Group Holdings, LLC, doing business as Phoenix Capital Group, acquired over 4,000 net royalty acres for a purchase price exceeding $33MM USD.

Phoenix Capital Group acquired the mineral interests in Weld and Adams Counties from the City of Thornton, Colorado.

This acquisition marks one of the largest mineral rights transactions in the prolific Denver-Julesburg (DJ) basin of Colorado and represents a substantial win for the City of Thornton, its residents, and the oil and gas community.

Thornton’s mineral interests proved to be a challenging test, as many of the holdings involved complicated tracts with several types of title challenges. Despite these title challenges, Phoenix Capital Group’s industry-leading title team successfully completed the due diligence within a compressed timeframe to meet the city’s needs. Justin Arn, Chief Land and Title Officer at Phoenix Capital Group, led the title verification on this project with over fifteen members of his elite title team. Phoenix Capital Group’s ability to move quickly allowed the city to benefit from current market conditions and maximize the value of its assets.