WhiteHawk purchases assets in Louisiana

WhiteHawk Energy, a company focused on acquiring mineral and royalty interests in natural gas resource plays, recently signed an agreement to purchase up to $105 million in natural gas mineral and royalty assets located primarily in northwestern Louisiana, effective Feb. 1.

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.

“The acquisition of the Haynesville Royalties is an excellent next step for WhiteHawk,” Daniel C. Herz, WhiteHawk 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.”

WhiteHawk acquired natural gas mineral and royalty assets in Pennsylvania last year that cover 475,000 gross unit acres of the Marcellus Shale in Greene and Washington counties.

Both purchases give WhiteHawk interest in more than 2,300 producing horizontal wells in North America.