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Phoenix Capital Group Purchases Assets In North Dakota

PRIVATESep 06, 2023

Acquiring Company

Phoenix Capital Group

Acquired Company

Assets

DenverEnergyOil And Gas

Description

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.

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Company Information

Company

Phoenix Capital Group

Location

Denver, Colorado, United States

About

Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition and non-operated working interest enterprise headquartered in Denver, Colorado. The family-owned company is a technology-led and client-centric focused organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.

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Frequently asked

Who acquired Assets?

Assets was acquired by Phoenix Capital Group, based in Denver. The deal was reported on September 6, 2023. Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition and non-operated working interest enterprise headquartered in Denver, Colorado. Phoenix Capital Group is privately held and operates in Energy.

When did Phoenix Capital Group acquire Assets?

Phoenix Capital Group's acquisition of Assets was reported on September 6, 2023. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Assets do?

Assets is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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