Philadelphia-based WhiteHawk Energy has agreed to purchase up to $105 million in natural gas mineral and royalty assets located primarily in northwestern Louisiana, effective Feb. 1, says Pennsylvania Business Report.
WhiteHawk’s Haynesville Royalties will cover 375,000 gross unit acres in the Haynesville Shale. Aethon Energy Management, Chesapeake Energy, Comstock Resources and Southwestern Energy are currently developing the Haynesville Royalties.
“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,” says Daniel C. Herz, WhiteHawk CEO. Read the entire story.