Phoenix Capital Group Acquires Nearly 600,000 Net Mineral Acres From AgWest Farm Credit
Summary
The assets acquired are spread across four states, with more than 50,000 net mineral acres in the oil-rich counties of Richland and Roosevelt on the Montana side of the Bakken formation. While deals like these are considered a once-in-a-generation occurrence in the oil business, due to their overall size and complexity, Phoenix Capital Group was founded precisely to become the preferred buyer for these large divestments." The Montana side of the Bakken formation continues to be a focus area for the company, as the state offers some of the most attractive investment opportunities in the Williston Basin. Kruks established relationship with her over the years, primarily through leasing, sparked excitement about the prospect of an innovative company with a top-notch operating wing assembled and ready to drill where others can’t or wont. Founded in 2019, Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition and non-operated working interest company headquartered in Denver, Colorado.