Producing &
Non-producing Mineral Rights
Producing &
Non-producing Royalty Interests
Overriding Royalty Interests
Non-operated Working Interests
Leasehold Interests
Pheasant Energy acquires mineral, royalty, and non-operated working interests across the basins below. Core areas carry the concentration of our underwriting and deal flow; the broader footprint reflects holdings across the Pheasant family of companies.
Production forecasts are built in-house from surrounding well control. Never from operator projections.
Discount rates are set by reserve category following SPEE risk-adjusted standards. Higher uncertainty means a higher rate, never a higher price.
We evaluate the operator's record in the specific area alongside the rock itself.
Every acquisition is priced to a payout target. We review roughly five opportunities each week and proceed on a small fraction.
We evaluate and make offers on oil and gas interests in all 15 states where we operate.
