Philadelphia-based WhiteHawk Energy, a company focused on acquiring mineral and royalty interests in top tier natural gas resource plays, recently doubled its ownership interest in a portion of its Marcellus Shale in Washington and Greene counties.
The $118 million transaction was effective on Jan. 1. CNX Resources and Range Resources operate 95 percent of the assets. WhiteHawk’s assets cover approximately 675,000 gross unit acres and approximately 2,068 horizontal shale wells.
“The 2025 Marcellus Acquisition provides WhiteHawk additional production, line-of-site development, undeveloped inventory and cash flow from our core Appalachia position,” Daniel Herz, WhiteHawk CEO, said. “Today’s transaction marks our sixth acquisition over the last three years and the third acquisition of royalty interests on these assets, which have continuously outperformed our expectations and fully consolidates these positions into WhiteHawk. This Marcellus Shale acquisition is the ideal natural gas minerals position, combining best-in-class natural gas operators, proven and predictable production, and the lowest break-even drilling costs in the U.S.”
WhiteHawk Energy own assets in the Haynesville and Marcellus Shales and has grown more than $13 billion in minerals, midstream, and exploration and development companies.
The company’s Haynesville Shale assets are being developed by Expand Energy, Aethon Energy Management and Comstock Resources.