Patriot Royalties Announces the Patriot-Liberty Royalty Income Property

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Dallas, TX – March 23, 2015 – (RealEstateRama) — Patriot Royalties, Inc., a Dallas-based oil and gas company that specializes in acquiring and packaging income-based royalty properties, announces its latest offering: The Patriot-Liberty.

The Patriot-Liberty consists just over 3,125 gross acres of mineral interests, royalty interests and overriding royalty interests in Brazos County, Texas, located in the prolific Eagle Ford shale formation.  There are eight wells currently in production, generating 40,000 barrels of oil and 13 million cubic feet of gas per month.  The lease also offers additional proven undeveloped opportunities in addition to the existing production.

“This is primarily an oil play, with about 5-percent natural gas,” says Michael Miller, Patriot Energy’s President.  The Eagle Ford is one of the top shale development fields in the United States, and now is an excellent time for royalties.  Not only are oil prices firming, but we’ve seen from ExxonMobil and BP’s long-term outlooks for energy that global demand is expected to increase by 30-million barrels per day over the next twenty years.  When you can buy at a bottom like this, that’s something worth taking a look at,” Miller added.

The Patriot-Liberty property is operated by Halcon Resources Corporation and two new wells are currently in the drilling phase on the lease.

For more information is available on the company’s website athttp://royalties.patriotenergy.com/

 

About Patriot Royalties, Inc.

Patriot Royalties is engaged in the acquisition of high-quality, long reserve-life portfolios of oil and gas royalties, and packages these deeded-interests for accredited investors.  Patriot Royalties also offers a consistent source of quality energy-based replacement property for real estate investors seeking to complete a 1031 Exchange and for accredited investors seeking cash flow.

MEDIA CONTACT:  Thomas Miller, VP Communications, 469-319-2213

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