PNX Capital has finalized a $33 million mineral interest acquisition with the City of Thornton, CO. The deal comprises rights to more than 4,000 royalty acres spread across 15 tracts of land in Adams and Weld counties. This transaction marks the largest deal in the history of PNX Capital and also one of the largest in the Denver-Julesburg (DJ) Basin. You can read more about this milestone deal via CBS Colorado.
PNX Capital Chief Financial Officer, Curtis Allen, discussed the transaction in a recent presentation. You can watch a video of his presentation below for more details. As explained in the video, working across large acreage with multiple tracts of land resulted in a complicated transaction. The work done by PNX Capital’s talented Land & Title team to close the deal represents a substantial win for the City of Thornton, its resident, and the broader oil and gas community.
About PNX Capital:
Founded in 2019, PNX Capital 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. Consisting of a team of experienced professionals with expertise in software development, engineering, and finance, PNX Capital boasts over 60 years of combined experience in the energy sector with a focus on capital deployment and asset management.