Phoenix Capital Group Acquires 896 Royalty Acres Under 96 Permitted Wells in Northern Colorado

Phoenix Capital Group, a family-owned company specializing in oil and gas mineral rights acquisition, announces the completion of its purchase of 896 net royalty acres in Weld County, Colorado. The purchase encompasses mineral and royalty interests across a total of 96 permitted wells.

This acquisition further expands Phoenix Capital Group’s impressive portfolio of land acquisitions and presents an extraordinary opportunity for the company to augment its footprint and create new partnerships with landowners and investors.

“The Phoenix Operating team is composed of a diverse group of highly skilled individuals with extensive experience in oil and gas development projects across the nation,” said David Scadden, Senior Vice President of Operations for Phoenix Operating. “The wealth of knowledge they bring to the table will continue to benefit us as we pursue additional land acquisitions that offer exceptional opportunities.”

Phoenix Operating is concentrating its efforts on three key basins in the United States:

  • The Williston Basin, spanning Western North Dakota, South Dakota, Eastern Montana, and parts of Canada.
  • The DJ Basin, encompassing Southeast Wyoming and Northeast Colorado.
  • The Powder River Basin, covering Northeast Wyoming and Southeast Montana.

Phoenix Capital Group is steadfast in its mission to forge partnerships with clients through property acquisitions and investment opportunities. The recent asset purchase in Northern Colorado further underscores this commitment, enabling the development of additional partnerships in strategic regions of the United States.


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