DALLAS, Sept. 3, 2020 /PRNewswire/ -- Rising Phoenix
Royalties (RPR) announces a 100% natural gas mineral acquisition in
the Marcellus Shale, Washington County,
PA from a private seller. This acquisition is RPR's second
Appalachian Basin transaction in 2020.
CNX Resources Corporation is the well site operator of the
producing royalty interest RPR has acquired with its operations
based in Appalachian Basin major shale formations. The
corporation is one of the United
States' most expansive natural gas exploration, production,
and development companies with access to 8.43 trillion cubic feet
equivalents of natural gas reserves.
"At Rising Phoenix Royalties, we strive to provide the highest
possible value to our clients. We recognize the uniqueness of each
acquisition and work with landowners, as well as industry
professionals to understand their specific targets," says Janie
Widman, Vice President of Rising Phoenix Royalties. "With
all the changes we have endured this year, RPR has remained
committed to providing valuable insight and opportunities to
mineral owners."
In May 2020, RPR established
Rising Fund IV, the company's fourth royalty fund. The offering was
created for investors seeking alternative asset portfolio
diversification. It follows a series of three other successful
placements from RPR.
Rising Phoenix Royalties is proud to offer free evaluations on
your mineral and royalties. Contact Janie
Widman at 214.915.9288 or janie@risingphoenix.com.
About Rising Phoenix Royalties
Rising Phoenix Royalties, Dallas,
TX, is a privately held independent mineral and royalty
interest acquisition company built on four generations of oil and
gas expertise. Since 2009, RPR has successfully identified,
evaluated, acquired, and managed incoming producing properties of
over $140 million in mineral and
royalty assets in oil and gas basins nationwide. Learn more at
www.risingphoenixroyalties.com.
About CNX Resources
CNX Resources Corporation (NYSE:
CNX) is one of the largest independent natural gas exploration,
development and production companies, with operations centered in
the major shale formations of the Appalachian basin. CNX deploys an
organic growth strategy focused on responsibly developing its
resource base. As of December 31,
2019, CNX had 8.4 trillion cubic feet equivalent of proved
natural gas reserves. CNX is a member of the Standard & Poor's
Midcap 400 Index. Additional information may be found at
www.cnx.com.
Contact:
Janie Widman, Vice President
Rising Phoenix Royalties
214-915-9288
janie@rising-phoenix.com
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SOURCE Rising Phoenix Royalties