IRVINE, CA / ACCESS Newswire / February 21, 2025 / Phoenix Capital Group Holdings, LLC has officially changed its name to Phoenix Energy (formally "Phoenix Energy One, LLC"), a name that reflects its evolution from a mineral rights acquisition company into a vertically integrated energy enterprise. With operations spanning mineral rights, non-operating working interests, and active oil production, Phoenix Energy's new identity highlights an expanded footprint in the domestic energy sector.
"The name change to Phoenix Energy signifies the transformation of our business over the past five years," said Adam Ferrari, CEO of Phoenix Energy. "What began as a small mineral rights acquisition firm has grown into a diversified energy organization with more than 125 employees. Today, we are proud to have key divisions such as oil and gas operations, mineral rights, and non-operated working interests. Our new name reflects the unity of these efforts."
Unifying Operations Under a Broader Vision
The adoption of the name Phoenix Energy emphasizes the integration of its main business divisions: operating, mineral rights, and non-operating working interests. By combining these divisions under one umbrella, the company is better positioned to create value for stakeholders, employees, and the communities served by the company in the coming years.
"Phoenix Energy's strength is in its ability to combine energy operations into a comprehensive strategy," said Curtis Allen, CFO. "This holistic approach needed a new name that demonstrates the value we generate across our entire portfolio - whether we're drilling new wells, acquiring mineral rights, or working with partners to maximize value creation."
Expanding Operations in the Williston Basin
Phoenix Energy's growth in the upstream oil and gas sector is exemplified by its expanding operations in the Williston Basin. Since launching its operating division in late 2023, the firm has sold more than 2.3 million barrels of oil as of year-end 2024.
The addition of a second drilling rig in September 2024 accelerated growth and allowed the company to expand its reach from North Dakota into neighboring Montana. This move has strengthened Phoenix Energy's position in the Bakken, one of the most prolific oil-producing regions in the United States.
"Our expansion into Montana is an exciting milestone for Phoenix Energy," Ferrari noted. "This growth complements our extensive mineral rights portfolio and reflects our commitment to operational excellence and community development in the Williston Basin."
Driving Growth Through Technology
Central to the evolution of Phoenix Energy are proprietary technology tools that support operational excellence. The company's minerals and non-operating working interests division utilizes an in-house data analytics platform to identify and maximize high-potential energy assets.
"Technology is a cornerstone of our strategy," Ferrari said. "We are harnessing innovation to improve efficiency, drive smarter decision-making, and ensure we remain competitive. This forward-thinking approach is critical to delivering on our mission."
A Symbol of Resilience and Renewal
While the company's name has changed to Phoenix Energy, the iconic golden Phoenix logo will remain part of its identity. As a symbol of resilience and renewal, the logo reflects the company's commitment to creating value for stakeholders, employees, and the communities it serves.
About Phoenix Energy
Phoenix Energy One, LLC ("Phoenix Energy"), formerly known as Phoenix Capital Group Holdings, LLC, is a leading energy company specializing in oil production, mineral rights acquisition, and non-operating working interests. Founded in 2019, the company has grown into a vertically integrated enterprise with operations across key basins in North America. With a focus on innovation, operational excellence, and investor engagement, Phoenix Energy is driving progress in the energy sector.
Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated.
This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as "anticipate," "believe," "intend," "may," "expect," "plan," "should," and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.
Media Contact
Name: Caroline Scroggins
Email: PublicRelations@phoenixenergy.com
Organization: Phoenix Energy One, LLC
Address: 18575 Jamboree Road, Suite 830, Irvine, CA 92612
Phone: 949-526-8611
Website: https://phoenixenergy.com
SOURCE: Phoenix Energy One, LLC
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