What Peregrine 1031 Energy Partners does

Peregrine 1031 Energy Partners is a Dallas-based private firm founded in 2004 that intermediates oil and gas mineral and royalty acquisitions for real estate owners executing Internal Revenue Code Section 1031 exchanges. The firm purchases mineral rights, royalty interests, and overriding royalty interests across 20+ major US basins — including the Permian, Eagle Ford, Marcellus, Bakken, Utica, Piceance, and Alaska's North Slope — and resells them to 1031 exchange buyers seeking to defer capital gains taxes from real estate sales. Co-founders and managing directors CJ Tibbs, Wolf Hanschen, and Josh Prier collectively bring 50+ years of mineral rights experience, with Tibbs and Hanschen having previously built Noble Royalties.

The firm's core operating activity is sourcing, underwriting, and packaging mineral and royalty portfolios for tax-deferred exchange buyers. Sourcing channels include relationships with mineral owners across roughly 30 states and institutional upstream counterparties (e.g., Carlyle Group, EnerVest, Caelus Energy, Summit Natural Resources, Encino). Notable transactions include the 2021 acquisition of Carlyle's interests in Hilcorp's Moxa Arch Field, the 2020 acquisition from Caelus on Alaska's North Slope, and the 2022 acquisition of EnerVest's GP position in EV Royalty Partners. Since 2004, the firm has intermediated more than $250 million in real-estate-to-royalty exchanges, and the co-founders have personally deployed $525 million-plus into energy assets ($400M+ by Hanschen, $125M+ by Tibbs).

The business model is transaction-based: Peregrine earns a spread on the acquisition and onward sale of mineral/royalty packages, with individual deals typically sized from $100,000 to $5 million. The firm is 100% internally funded with no bank financing, operates with 11-50 employees, and maintains its headquarters in Dallas with a Denver acquisition office. There are no disclosed revenue figures, and revenue is inherently episodic given the deal-by-deal origination model rather than recurring contracts.

Name

Peregrine 1031 Energy Partners

Legal name

Peregrine Energy Partners

Website

https://peregrine1031.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Peregrine 1031 Energy Partners, founded 2004 in Dallas, intermediates oil and gas mineral and royalty acquisitions for real estate owners executing Section 1031 exchanges. The firm buys and resells royalty interests across 20+ US basins, sourcing from mineral owners in 30 states and institutional upstream counterparties, with $250M+ exchanged since inception.

Ownership category

akta.pro rank

Product category

Oil and Gas Royalty Brokerage

NAICS

Commodity Contracts Intermediation (52316)

SIC

Oil Royalty Traders (6792), Mineral Royalty Traders (6795)

akta.pro primary industry

Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties) (FSAHAIAL)

akta.pro secondary industry

Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)

Keywords

• Oil and gas royalties
• 1031 exchange services
• Mineral rights acquisition
• Royalty portfolio management
• Like-kind exchanges

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Royalty Asset Acquisition and Resale: Acquires producing oil and gas royalty interests from mineral owners and sells to 1031 exchange clients and cash investors. Revenue generated through spread between acquisition and sale of royalty assets, as well as transaction fees from facilitating exchanges.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Peregrine 1031 Energy Partners acquires and resells producing oil and gas mineral royalty interests, facilitating tax-deferred 1031 like-kind exchanges from real estate into energy royalties. The company sources producing royalties from private mineral owners, families, and operators across major U.S. basins and assembles diversified royalty portfolios for 1031 exchange clients and cash investors. Its service spans education, portfolio identification, title filing, revenue direct-deposit setup, and closing coordination, with transaction sizes typically ranging from $100,000 to $5,000,000.

Product overview

Peregrine 1031 Energy Partners is a unified service offering centered on oil and gas royalty acquisition and 1031 exchange facilitation. The core product encompasses buying and selling producing mineral rights, with complementary sub-services including portfolio identification and construction, title filing, and revenue transition management. The company does not offer modular or platform-based products; rather, it provides end-to-end transactional services from education and property identification through closing and ongoing royalty management. Transaction sizes range from $100,000 to $5,000,000, targeting real estate investors seeking like-kind exchange alternatives to traditional replacement property.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Royalty Acquisition Services Facilitates the purchase and sale of producing oil and gas mineral rights, enabling investors to exchange real estate holdings into royalty interests under IRS Revenue Ruling 68-331. The company connects royalty sellers with 1031 exchange buyers, handling title transition, revenue direct deposit setup, and closing coordination.
• 1031 Exchange Replacement Property Solutions Enables real estate investors to diversify 1031 exchange proceeds into energy royalty assets. The company educates clients on royalty benefits and risks, builds diversified portfolios across multiple states and producing wells, and facilitates tax-deferred exchanges from $100,000 to $5,000,000.
• Royalty Portfolio Identification and Building The land team constructs customized royalty portfolios for clients from available inventory, diversifying both operationally and geographically across an average portfolio exceeding 100 producing oil and gas wells in multiple states under various operators. Includes 1031 identification language preparation for qualified intermediaries.
• Royalty Title and Revenue Transition Handles all title filing at county courthouses and coordinates with operators to transition revenue direct deposits to clients, resulting in 12 annual payments plus 1099 tax documents from each operator.

Quantifiable outcome

• Over $250 million exchanged from real estate into royalties since 2004
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• EncinocoreOthers · 1 November 2022Major operator in Utica Shale; largest oil producer in Utica, second largest gas producer in Appalachian Basin, top 25 natural gas producer in North America. Peregrine acquires royalties under Encino-operated properties in Carroll, Columbiana, and Jefferson Counties, Ohio.
• EnerVest LtdcoreOthers · 1 November 2022Acquired EnerVest Ltd's position as General Partner in EV Royalty Partners and EnerVest Energy Institutional Funds. Transaction included overriding royalty interest in 340,000 acres across multiple counties in Marcellus and Utica reserves.
• Summit Natural ResourcescoreOthers · 15 March 2019Acquired producing and non-producing oil and gas royalties across Appalachian and Black Warrior Basins from Houston-based operator. Deal structured as royalty carve-out allowing Summit to raise debt-free capital and accelerate capex while Peregrine acquired production from 600+ gas wells.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Noble Royalties: Houston-based oil and gas royalty acquisition and management firm where all three Peregrine founders previously worked. Most direct peer given shared team lineage, identical business model of acquiring and reselling producing royalties, and overlapping operator and mineral owner relationships.
• Kimbell Royalty Partners: Publicly traded oil and gas mineral and royalty company (NYSE: KRP) focused on acquiring and managing non-operated mineral and royalty interests in U.S. producing basins. Closely aligned model of buying fractional mineral interests for investor returns.
• Sitio Royalties Corp. Publicly traded mineral and royalty company (NYSE: STR) that aggregates non-operated mineral and royalty interests across the Permian, Eagle Ford, DJ, and other basins. Operates an acquisition-led model directly comparable to Peregrine's sourcing approach.
• EnerVest: Institutional energy investment firm that managed EV Royalty Partners and EnerVest Energy Institutional Funds, including a 340,000-acre Marcellus/Utica position that Peregrine acquired. EnerVest is one of the largest U.S. mineral and royalty acquirers and a counterparty/peer in institutional carve-outs.
• Dorchester Minerals LP: Publicly traded partnership (NASDAQ: DMLP) that owns and manages producing oil and gas mineral, royalty, overriding royalty, and net profits interests across U.S. basins. Comparable business model of acquiring and managing diversified producing mineral/royalty assets for investor ownership.
• Black Stone Minerals L.P. Publicly traded mineral and royalty company (NYSE: BSM) with a large portfolio of mineral and royalty interests across major U.S. basins. Directly comparable asset-based royalty acquisition and management model.
• Viper Energy Inc. Publicly traded mineral and royalty company (NASDAQ: VNOM) majority-owned by Diamondback Energy, focused on acquiring mineral and royalty interests in the Permian Basin. Comparable royalty aggregation and institutional counterparty profile to Peregrine's institutional deals.

Peers

• Equity Advantage:

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/peregrine1031
• LinkedInlinkedin.com/company/peregrine-1031

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peregrine 1031 Energy Partners