WhiteHawk Energy Doubles Marcellus Gas Royalties with $118 Million Deal
(P&GJ) — WhiteHawk Energy has closed a $118 million acquisition that doubles its mineral and royalty interests across 475,000 gross unit acres in Pennsylvania’s Marcellus Shale.
The newly acquired assets, located in Washington and Greene counties, are 95% operated by leading natural gas producers EQT, Range Resources, and CNX Resources. The deal brings cash flow from over 1,400 producing wells and is effective as of Jan. 1, 2025.
“The 2025 Marcellus Acquisition provides WhiteHawk additional production, line-of-site development, undeveloped inventory and cash flow from our core Appalachia position,” said WhiteHawk CEO Daniel C. Herz. “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.”
WhiteHawk’s Marcellus Shale portfolio now covers 675,000 gross unit acres with production from about 2,068 horizontal shale wells. It also includes interests in 141 wells-in-progress, 66 permitted wells, and 1,713 undeveloped locations, along with potential from the underlying Utica Shale.
The company also holds mineral and royalty interests in the Haynesville Shale, where it owns assets across 375,000 gross unit acres, with 1,371 producing horizontal wells, plus 127 wells-in-progress, 189 permitted wells, and 966 undeveloped locations. Haynesville operators include Expand Energy, Aethon Energy Management, and Comstock Resources.
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