WhiteHawk Minerals Corp. (NYSE: WHK) has completed a series of natural gas asset acquisitions totaling approximately $111.8 million. The acquisitions include a $105 million purchase of Marcellus, Utica, and Haynesville Shale natural gas mineral and royalty assets from San Jacinto Minerals II, announced on August 12, 2026. The acquired assets cover approximately 700,000 gross unit acres and 11,810 net royalty acres, with an average net revenue interest of 0.21%. The portfolio includes more than 1,700 producing wells, 245 wells in process and permits, and 2,500 undeveloped locations.
The financing for the acquisitions involved a $50 million issuance of Series E Preferred Stock and a $75 million private placement of Class A Common Stock. Additionally, WhiteHawk completed a fall redetermination of its reserve-based revolving credit facility, increasing its borrowing capacity to $175 million, which remains fully undrawn.
The acquired assets are primarily located in Appalachia, spanning approximately 600,000 gross unit acres, with operators including EQT Corporation (NYSE: EQT), Range Resources Corporation (NYSE: RRC), CNX Resources Corporation (NYSE: CNX), and Antero Resources Corporation (NYSE: AR). The Haynesville interests cover approximately 100,000 gross unit acres, with operators including Expand Energy Corporation (NASDAQ: EXE), Apex Energy LLC, and Adamas Energy LLC.
WhiteHawk Minerals Corp. is a natural gas-focused mineral and royalty company with interests across approximately 3.6 million gross unit acres in the Marcellus, Utica, and Haynesville Shales. The company was founded in 2022. Daniel Herz, Chairman, President, and Chief Executive Officer, stated, "The closing of the Acquisitions and related equity financings reflects our continued execution of WhiteHawk's business strategy."
