Phoenix Capital Group Purchases Assets in North Dakota
DENVER, Sept. 6, 2023 /PRNewswire/ -- Phoenix Capital Group Holdings LLC, a family-owned enterprise specializing in oil and gas mineral rights acquisition and non-operated working interests, is thrilled to announce a significant acquisition in North Dakota. The company has recently finalized the purchase of prime assets valued at approximately $9 million, from Oil and Gas industry leader XCL Resources, further solidifying its growing presence in the region. The official closing of this transaction is scheduled for the end of August.
- Summary: Phoenix Capital Group, a leading oil and gas mineral rights acquisition company, has announced the purchase of roughly 2,530 net acres of land in Mountrail County, North Dakota valued at roughly $9 million.
- DENVER, Sept. 6, 2023 /PRNewswire/ -- Phoenix Capital Group Holdings LLC, a family-owned enterprise specializing in oil and gas mineral rights acquisition and non-operated working interests, is thrilled to announce a significant acquisition in North Dakota.
- Phoenix Capital Group announces the purchase of ~2,530 net acres of land in Mountrail County, ND valued at ~$9 million.
- As a wholly owned subsidiary of Phoenix Capital Group, Phoenix Operating, LLC recently announced its ambitious expansion into North Dakota, equipping the operating team with the tools and resources necessary to cultivate its own oil and gas production capabilities earlier this year.