WhiteHawk Energy to acquire Haynesville Shale mineral and royalty assets for $105m

WhiteHawk Energy will acquire certain natural gas mineral and royalty assets mainly located in the Haynesville Shale in northwestern Louisiana for a consideration of up to $105 million.

The Haynesville Shale assets are said to align with WhiteHawk Energy‘s current natural gas mineral and royalty assets.

WhiteHawk Energy will own mineral and royalty assets covering 375,000 gross unit acres in the core of the Haynesville Shale.

The assets being acquired currently include production from more than 1,230 horizontal wells, 157 line of site wells, and 44 permitted wells.

Natural gas operators Aethon Energy Management, Southwestern Energy, Comstock Resources, and Chesapeake Energy are developing the royalties in the Haynesville Shale.

WhiteHawk Energy to acquire Haynesville Shale natural gas mineral and royalty assets for $105m. Photo courtesy of Terry McGraw from Pixabay.

Daniel C Herz — WhiteHawk Energy CEO said: “With these assets, WhiteHawk is continuing to execute on its business plan of acquiring mineral and royalty interests in the highest quality natural gas basins in North America, anchored by best-in-class operators.

“Natural gas continues to be a core element of the global economy and is needed to provide clean electricity for vehicle electrification, offer affordable energy for heating homes, and further drive energy security for the United States and our allies.”

In 2022, WhiteHawk Energy purchased natural gas mineral and royalty assets covering 475,000 gross unit acres in the core of the Marcellus Shale situated in Greene and Washington Counties, Pennsylvania.

Pro Forma for the Haynesville Shale royalties acquisition, WhiteHawk Energy will own minerals and royalties in the core of the Marcellus Shale and Haynesville Shale across over 2,300 producing horizontal wells and over 850,000 gross unit acres.

UBS Investment Bank served as financial advisor to WhiteHawk Energy and Shearman & Sterling acted as legal counsel.