Phoenix Capital Group Expands into North Dakota

Phoenix Capital Group Holdings, LLC, a renowned oil and gas mineral rights acquisition enterprise, is breaking new ground as it announces a major expansion into North Dakota. The family-owned company, headquartered in Denver, Colorado, is making significant strides into the northern region of the U.S following its latest acquisition in Williams County.

The establishment of Phoenix Operating LLC, an Exploration and Production (E&P) company and a sub-division of Phoenix Capital Group Holdings, LLC, marks a pivotal moment for the company. With its focus on oil and gas production, the newly formed Phoenix Operating LLC will set its sights on the abundant resources of North Dakota. This strategic move will enable the company to develop its own wells, beginning with the first drilling set to commence later this year.

Phoenix Operating LLC has its sights set on three key basins within the United States: the DJ Basin in Northeast Colorado and Southeast Wyoming, the Powder River Basin in Southeast Montana and Northeast Wyoming, and the Williston Basin in Eastern Montana, Western North Dakota, South Dakota, and parts of Canada. Emphasizing American ownership, minimal surface impact, operational efficiency, and lasting benefits for landowners and investors, Phoenix Operating LLC is committed to sustainable development.

The drilling operations in North Dakota will be centered in Mountrail and Williams Counties, guided by a team with over 70 years of combined experience in the industry. The team aims to maximize operational efficiency and minimize surface disturbance through the development of acreage with three-mile Bakken laterals. Scheduled to begin in the Fall/Winter of 2023, these efforts will be led by the experienced and accomplished Christ Marshall, serving as the Managing Director, Field Operations.

Christ Marshall, an industry veteran, brings invaluable experience as the superintendent, with a commendable track record spanning 15 years, including 12 years at WPX Energy and Rim Rock. In his new role, Marshall will lead the field operations team to achieve operational excellence while ensuring responsible development that protects the environment and local communities. Beyond his professional prowess, Marshall enjoys hunting and coaching youth basketball.

In the words of Christ Marshall, “We are dedicated to ensuring responsible development that safeguards our environment and communities, and we look forward to the opportunity to transform these projects into resounding successes.”

As Phoenix Capital Group forges ahead into this new chapter, its mission remains clear: to unlock the potential of America’s mineral assets while shaping a brighter, sustainable future for all stakeholders involved.


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