Phoenix Capital Group Holdings has acquired more than 4,000 net royalty acres for a purchase price exceeding $33 million.
Phoenix Capital Group acquired the mineral interests in Weld and Adams counties from the City of Thornton, Colorado. This acquisition marks one of the largest mineral-rights transactions in the Denver-Julesburg (DJ) basin of Colorado and represents a substantial win for the City of Thornton, its residents, and the oil and gas community.
Thornton’s mineral interests proved to be a challenging test, as many of the holdings involved complicated tracts with several types of title challenges. Despite that Phoenix Capital Group’s title team successfully completed the due diligence within a compressed timeframe to meet the city’s needs.
“Our business model is disrupting this industry. For too long, mineral owners have been saddled with noncompetitive bids from unsavory and at times unethical and dishonest mineral shops,” said Curtis Allen,