WhiteHawk Energy to acquire Marcellus Shale natural gas minerals and royalty assets for $52.5 million
Wednesday, March 2, 2022
WhiteHawk Energy recently announced an agreement to acquire natural gas minerals and royalty assets located in Southwestern Pennsylvania for $52 million, according to Yahoo.
The company’s minerals and royalty assets being acquired cover 475,000 gross unit acres in the Marcellus Shale. Most are being developed by several of the play’s top producers, including EQT, Range Resources and CNX Resources.
Additionally, the minerals and royalty assets are currently generating production and cash flow from over 950 horizontal Marcellus Shale wells.
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.