Whitehawk Energy Announces Agreement To Acquire Core Haynesville Shale Natural Gas Mineral And Royalty Assets For Up To $105 Million

WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today a definitive agreement (“Haynesville Agreement”) to acquire up to $105 million of natural gas mineral and royalty assets primarily located in northwestern Louisiana (“Haynesville Royalties”). The Haynesville Royalties are focused in the core of the basin, representing some of the highest quality natural gas reserves in the United States. WhiteHawk’s position will cover 375,000 gross unit acres in the Haynesville Shale. The Haynesville Royalties are being actively developed by best-in-class natural gas operators Southwestern Energy, Chesapeake Energy, Aethon Energy Management and Comstock Resources. Under the Haynesville Agreement, WhiteHawk will acquire up to $105 million of the Haynesville Royalties with an initial effective date of February 1, 2023.