Phoenix Capital Group expanded its reach in Colorado in November of 2022 through the purchase of more than 4,000 net royalty acres from the City of Thornton. The acquisition marked one of the largest mineral rights transactions in Colorado’s Denver-Julesburg basin, underscoring the company’s strategic growth in the region.
The purchase, exceeding $33 million, was celebrated as a win-win-win for not just the oil and gas community but also the residents of Thornton and the city itself.
Navigating Unique Challenges
The mineral interests held by the City of Thornton presented unique challenges. Many of the holdings involved complicated tracts with various types of title challenges. Despite these complexities, Phoenix Capital Group, guided by its industry-leading title team, successfully completed due diligence within a compressed time frame.
Justin Arn, Phoenix Capital Group’s Chief Land and Title Officer, led the title verification process alongside more than 15 members of his elite team. Their swift action allowed the city to maximize the value of its assets.
“Resolving title issues and arriving at a marketable portfolio took several weeks,” said Scott Twombly, real property manager for the City of Thornton. “At all times, the process was open and professional. It was a pleasure working with Phoenix Capital Group, and we are very pleased with the outcome.”
Strategic Expansion
This acquisition significantly bolstered Phoenix Capital Group’s track record in the industry and expanded its geographical reach into Colorado, solidifying its position as a leading mineral rights company.
A Disruptive Business Model
Phoenix Capital Group’s business model prioritizes the needs of everyday investors over those of private equity firms and Wall Street banks that traditionally dominate the industry. Mobilizing its team after the City of Thornton’s public announcement of its intention to divest a significant portion of its Colorado mineral rights, Phoenix Capital Group secured the winning bid and executed the transaction according to the agreed terms.
Curtis Allen, Partner and Chief Financial Officer for Phoenix Capital Group emphasized the company’s commitment to revolutionizing the mineral rights space. He stated, “For too long, mineral owners have been saddled with noncompetitive bids from unsavory and at times unethical and dishonest mineral shops. We’ve made it our personal mission to change this space permanently and for the benefit of the community.”
Allen further added, “We are changing the mineral owner’s experience from the ‘used-car lot’ feel they’ve traditionally been force-fed, to a transparent and high-touch partnership that Phoenix Capital Group is offering.”
About Phoenix Capital Group
Founded in 2019, Phoenix Capital Group Holdings, LLC is a prominent oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States.
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.
