WhiteHawk Energy to acquire Marcellus Shale natural gas minerals and royalty assets for $52.5 million

WhiteHawk Energy to acquire Marcellus Shale natural gas minerals and royalty assets for $52.5 million

Wednesday, March 2, 2022 by Sara Welch

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.

Learn more: Yahoo > WhiteHawk Energy announces agreement to acquire core Marcellus Shale natural gas minerals and royalty assets for $52.5 million

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Shale FAQ

What are mineral rights?

Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.

Will I get free natural gas if I allow fracking on my property?

Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.

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