WhiteHawk Energy expands natural gas portfolio by acquiring Haynesville assets
Friday, January 27, 2023
White Hawk Energy, LLC announced an agreement earlier this month to acquire up to $105 million of natural gas and royalty assets primarily located in northwestern Louisiana in the Haynesville Shale, according to Yahoo.
WhiteHawk’s acquisition includes production from over 1,230 horizontal wells, 157 line of site wells and 44 permitted wells. The assets are operated by the top operators in the Haynesville Shale, including Southwestern Energy, Chesapeake Energy, Author Energy Management and Comstock Resources.
The acquisition will expand WhiteHawk’s natural gas portfolio to over 850,000 gross unit acres and over 2,300 producing horizontal shale wells in the core of the Marcellus and Haynesville shale fields.
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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.