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Peregrine Petroleum sells Permian Basin Assets

DALLAS, Nov. 08, 2016 (GLOBE NEWSWIRE) -- Peregrine Petroleum Partners, Ltd. today announced it elected to participate in the sale of its Permian Basin assets, along with its operating partner Reliance Energy, to Concho Resources, Inc. The closing of the transaction took place October 4, 2016.

Peregrine Petroleum is a private exploration and production company generating sustainable long-term growth within the onshore continental United States. Peregrine delivers results through a collaborative interdisciplinary approach focusing on repeatable trend plays with long-term investment potential. With offices in Dallas and Houston, Peregrine maintains active operations in some of the nation's top oil and gas trends, including the Anadarko Basin in Western Oklahoma and the Bakken and Three Forks Shale in North Dakota's Williston Basin. Peregrine's continuing growth initiatives are focused on internal and external oil and gas exploration and development, joint ventures and acquisitions in the Permian Basin, Williston Basin, East Texas, Gulf Coast and Middle America regions.

For more information, please contact: Rebecca Gibbs Rgibbs@peregrinegp.com

Source: Peregrine Petroleum