WhiteHawk Energy Announces Natural Gas Mineral and Royalty Acquisition of 435,000 Gross Unit Acres in Core of Marcellus Shale
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WhiteHawk closes acquisition of additional
Marcellus Shale natural gas mineral and royalty assets adding interests in approximately 435,000 gross unit acres -
Acquisition expands WhiteHawk’s natural gas mineral and royalty ownership into
West Virginia , addingAntero Resources as a key operator - Acquisition generates cash flow from over 1,200 wells, more than 600 of which are new to WhiteHawk’s ownership interest
- WhiteHawk now owns natural gas mineral and royalty interests across approximately 1,050,000 gross unit acres in the core of the Marcellus and Haynesville Shales with interests in over 3,400 producing wells
“The Marcellus Acquisition marks our fifth acquisition to date and complements our existing
With today’s acquisition, WhiteHawk’s
WhiteHawk also owns natural gas mineral and royalty assets in the
WhiteHawk’s combined positions benefit from diversified sales points in both the Northeast and
WhiteHawk’s Marcellus Acquisition was financed by EIG, a leading institutional investor in the global energy and infrastructure sectors.
About WhiteHawk Energy
Advisors
For more information, please visit the Company’s website at www.whitehawkenergy.com, or contact its corporate relations department at jslotterback@whitehawkenergy.com.
Cautionary Note Regarding Forward-Looking Statements
Certain matters discussed within this press release are forward-looking statements. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. The Company does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. This document contains forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. The Company cautions readers that any forward-looking information is not a guarantee of future performance. Such forward-looking statements include, but are not limited to, statements about future financial and operating results, resource potential, and the Company’s plans, objectives, expectations, intentions and other statements that are not historical facts. Risks, assumptions and uncertainties that could cause actual results to materially differ from the forward-looking statements include, but are not limited to, those associated with general economic and business conditions; changes in government environmental policies and other environmental risks; the availability of drilling equipment and the timing of production; tax consequences of potential balance sheet and other transactions; and global health conditions, including the impact of COVID-19. Forward-looking statements speak only as of the date hereof, and the Company assumes no obligation to update such statements, except as may be required by applicable law.
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Corporate Relations
jslotterback@whitehawkenergy.com
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