Read More Energy Industry News Evolution Petroleum closes $16m Midland Basin royalty deal after issuing stock equal to about 10% of its prior share count Evolution Petroleum has completed a $16 million Midland Basin royalty acquisition expected to generate $3.9 million of next-12-month asset cash flow, funded partly through a 3.7 million-share equity offering. byVenkateshAugust 21, 2026