WhiteHawk Energy has announced the acquisition of additional natural gas mineral and royalty assets in the Marcellus Shale for $118m.
The transaction doubles WhiteHawk’s ownership interest across its existing 475,000 gross unit acres and enhances its position, primarily in the counties of Washington and Greene in Pennsylvania.
EQT, Range Resources, CNX Resources and Antero Resources manage approximately 95% of the production, cash flow and present value from the Marcellus assets.
The deal is effective from 1 January 2025.
WhiteHawk’s Marcellus Shale holdings now span roughly 675,000 gross acres, with output derived from approximately 2,068 horizontal shale wells.
The company also holds mineral and royalty interests in 141 wells-in-progress, 66 permitted wells and 1,713 undeveloped Marcellus locations, with potential from the underlying Utica Shale.
WhiteHawk Energy CEO Daniel C. Herz said: “The 2025 Marcellus Acquisition provides WhiteHawk additional production, line-of-site development, undeveloped inventory and cash flow from our core Appalachia position.
“Today’s transaction marks our sixth acquisition over the last three years and the third acquisition of royalty interests on these assets, which have continuously outperformed our expectations, and fully consolidates these positions into WhiteHawk.
“This Marcellus Shale acquisition is the ideal natural gas minerals position, combining best-in-class natural gas operators, proven and predictable production, and the lowest break-even drilling costs in the US.”
Alongside its Marcellus assets, WhiteHawk also holds natural gas mineral and royalty interests in the Haynesville Shale, spanning approximately 375,000 gross acres and comprising 1,371 producing horizontal shale wells.
The Haynesville assets are actively developed by Expand Energy, Aethon Energy Management and Comstock Resources.
The Marcellus Shale assets have performed above expectations since WhiteHawk initially acquired them in March 2022.
WhiteHawk Energy previously reached an agreement to acquire further natural gas mineral and royalty assets in the Marcellus Shale region in November 2023 from an undisclosed company for $54m.
“WhiteHawk Energy acquires natural gas assets in Marcellus Shale for $118m” was originally created and published by Offshore Technology, a GlobalData owned brand.
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