Latest news with #WhiteHawk
Associated Press
2 days ago
- Business
- Associated Press
WhiteHawk Completes Tender Offer for Acquisition of PHX
PHILADELPHIA--(BUSINESS WIRE)--Jun 21, 2025-- WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, 'WhiteHawk' or the 'Company') announced that a majority of the outstanding shares of common stock, par value $0.01666 per share (the 'Shares'), of PHX Minerals Inc. ('PHX') (NYSE: PHX) were validly tendered and the other conditions to the tender offer have been satisfied. WhiteHawk anticipates the acquisition of PHX will be consummated by WhiteHawk in accordance with, and subject to the terms of, the definitive agreement for the acquisition on Monday, June 23, 2025. Computershare Trust Company, N.A., the depositary for the tender offer, has indicated that as of 12:00 Midnight, Eastern time, at the end of June 20, 2025, approximately 28,806,761 total Shares, or 73.7% of the total Shares issued and outstanding, have been tendered into and not properly withdrawn from the tender offer. This figure does not include 50,315 Shares tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase. When the 50,315 Shares tendered pursuant to the guaranteed delivery procedures are included in the results, approximately 28,857,076 total Shares, or 73.8% of the total Shares issued and outstanding, will have been tendered into and not properly withdrawn from the tender offer. About WhiteHawk Energy, LLC WhiteHawk Energy, LLC is focused on acquiring mineral and royalty interests in top-tier natural gas resource plays, including the Marcellus Shale and Haynesville Shale. The management team at WhiteHawk Energy has successfully grown over $13 billion of minerals, midstream, and exploration and development companies over the last 20 years. WhiteHawk Energy currently manages approximately 1,350,000 gross unit acres within core operating areas of the Marcellus Shale and Haynesville Shale, with interests in more than 3,400 producing horizontal wells. Please go to for more information. About PHX Minerals Inc. PHX Minerals is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core focus areas. PHX owns mineral acreage principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Additional information on the Company can be found at Cautionary Statement Regarding Forward-Looking Statements This document contains certain forward-looking statements about WhiteHawk and PHX, including statements that involve risks and uncertainties concerning WhiteHawk's proposed acquisition of PHX, anticipated customer benefits and general business outlook. When used in this document, the words 'anticipates,' 'can,' 'will,' 'look forward to,' 'expected' and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of WhiteHawk or PHX, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, (i) the possibility that the transaction will not close or that the closing may be delayed, (ii) the anticipated synergies of the combined companies may not be achieved after closing, (iii) the combined operations may not be successfully integrated in a timely manner, if at all, (iv) general economic conditions in regions in which either company does business, and (v) the possibility that WhiteHawk or PHX may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of WhiteHawk or PHX. In addition, please refer to the documents that PHX files with the U.S. Securities and Exchange Commission (the 'SEC') on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause PHX's operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither WhiteHawk nor PHX is under any duty to update any of the information in this document. Additional Information about the Acquisition and Where to Find It This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of PHX, nor is it a substitute for the tender offer materials that WhiteHawk and its acquisition subsidiary will file and have filed with the SEC relating to the tender offer. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) filed by WhiteHawk with the U.S. Securities and Exchange Commission ('SEC') on May 22, 2025, as amended from time to time. In addition, on May 22, 2025, PHX filed a Solicitation/Recommendation statement on Schedule 14D-9 with the SEC related to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement contain important information. Holders of shares of PHX are urged to read these documents The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, have been made available to all holders of shares of PHX at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement are available for free at the SEC's web site at In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, PHX files annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by PHX at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. PHX's filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at View source version on CONTACT: Corporate Relations [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES MINING/MINERALS OIL/GAS NATURAL RESOURCES ENERGY FINANCE ASSET MANAGEMENT SOURCE: WhiteHawk Energy, LLC Copyright Business Wire 2025. PUB: 06/21/2025 06:30 AM/DISC: 06/21/2025 06:31 AM
Business Wire
2 days ago
- Business
- Business Wire
WhiteHawk Completes Tender Offer for Acquisition of PHX
PHILADELPHIA--(BUSINESS WIRE)--WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, 'WhiteHawk' or the 'Company') announced that a majority of the outstanding shares of common stock, par value $0.01666 per share (the 'Shares'), of PHX Minerals Inc. ('PHX') (NYSE: PHX) were validly tendered and the other conditions to the tender offer have been satisfied. WhiteHawk anticipates the acquisition of PHX will be consummated by WhiteHawk in accordance with, and subject to the terms of, the definitive agreement for the acquisition on Monday, June 23, 2025. Computershare Trust Company, N.A., the depositary for the tender offer, has indicated that as of 12:00 Midnight, Eastern time, at the end of June 20, 2025, approximately 28,806,761 total Shares, or 73.7% of the total Shares issued and outstanding, have been tendered into and not properly withdrawn from the tender offer. This figure does not include 50,315 Shares tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase. When the 50,315 Shares tendered pursuant to the guaranteed delivery procedures are included in the results, approximately 28,857,076 total Shares, or 73.8% of the total Shares issued and outstanding, will have been tendered into and not properly withdrawn from the tender offer. About WhiteHawk Energy, LLC WhiteHawk Energy, LLC is focused on acquiring mineral and royalty interests in top-tier natural gas resource plays, including the Marcellus Shale and Haynesville Shale. The management team at WhiteHawk Energy has successfully grown over $13 billion of minerals, midstream, and exploration and development companies over the last 20 years. WhiteHawk Energy currently manages approximately 1,350,000 gross unit acres within core operating areas of the Marcellus Shale and Haynesville Shale, with interests in more than 3,400 producing horizontal wells. Please go to for more information. About PHX Minerals Inc. PHX Minerals is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core focus areas. PHX owns mineral acreage principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Additional information on the Company can be found at Cautionary Statement Regarding Forward-Looking Statements This document contains certain forward-looking statements about WhiteHawk and PHX, including statements that involve risks and uncertainties concerning WhiteHawk's proposed acquisition of PHX, anticipated customer benefits and general business outlook. When used in this document, the words 'anticipates,' 'can,' 'will,' 'look forward to,' 'expected' and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of WhiteHawk or PHX, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, (i) the possibility that the transaction will not close or that the closing may be delayed, (ii) the anticipated synergies of the combined companies may not be achieved after closing, (iii) the combined operations may not be successfully integrated in a timely manner, if at all, (iv) general economic conditions in regions in which either company does business, and (v) the possibility that WhiteHawk or PHX may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of WhiteHawk or PHX. In addition, please refer to the documents that PHX files with the U.S. Securities and Exchange Commission (the 'SEC') on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause PHX's operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither WhiteHawk nor PHX is under any duty to update any of the information in this document. Additional Information about the Acquisition and Where to Find It This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of PHX, nor is it a substitute for the tender offer materials that WhiteHawk and its acquisition subsidiary will file and have filed with the SEC relating to the tender offer. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) filed by WhiteHawk with the U.S. Securities and Exchange Commission ('SEC') on May 22, 2025, as amended from time to time. In addition, on May 22, 2025, PHX filed a Solicitation/Recommendation statement on Schedule 14D-9 with the SEC related to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement contain important information. Holders of shares of PHX are urged to read these documents The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, have been made available to all holders of shares of PHX at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement are available for free at the SEC's web site at In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, PHX files annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by PHX at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. PHX's filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at
Associated Press
14-06-2025
- Business
- Associated Press
WhiteHawk Capital Partners Announces $70 Million Senior Secured Term Loan to a Leading Operator in the Food Distribution and Logistics Sector
LOS ANGELES--(BUSINESS WIRE)--Jun 13, 2025-- WhiteHawk Capital Partners: 'We are pleased to provide this flexible financing solution to a company in an essential sector,' said Alex Zuckerman, Managing Director at WhiteHawk. 'WhiteHawk remains committed to supporting businesses with strong fundamentals and growth potential through tailored capital solutions.' About WhiteHawk WhiteHawk Capital Partners ('WhiteHawk') is a private credit investment manager focused on asset-based financing solutions primarily to middle market private and public companies across a variety of industries. WhiteHawk is dedicated to bringing creative and flexible non-traditional capital solutions to companies in need of liquidity and growth capital. WhiteHawk provides senior secured financing under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge and DIP/emergence. As a direct lender, WhiteHawk seeks to be a preferred partner to banks and other traditional and non-traditional lenders, helping provide complete financing solutions to borrowers. Since 2015, the firm's professionals, at WhiteHawk and in prior capacities, have been providing asset-based loans with attractive loan to values ('LTVs') to public and private middle-market companies facing liquidity challenges or in 'out of favor' industries and, as of March 31, 2025, has invested in 91 loans with 68 realizations with $4.6 billion+ of gross loans originated. If you would like more information about WhiteHawk Capital or have any questions regarding the firm's role in this transaction, please contact WhiteHawk Capital at [email protected] View source version on [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT SUPERMARKET FINANCE SOURCE: WhiteHawk Capital Partners Copyright Business Wire 2025. PUB: 06/13/2025 07:19 PM/DISC: 06/13/2025 07:17 PM
News.com.au
04-05-2025
- Business
- News.com.au
ASX April Tech Winners: Tech sector pulls off market gymnastic to land on its feet, with defence stocks and Harvest Tech on top
Tech gets its groove back with help from Wall Street and RBA Defence tech darlings like WhiteHawk and Elsight grab the spotlight Harvest Tech goes global, Droneshield fires again In April 2025, the ASX tech sector finally got its mojo back, punching out a near 6% gain and coming in just behind telcos for the month. It marked a significant rebound for tech stocks, especially when the sector had been the worst performer in March. Tech stocks managed to rally through the tariff chaos. Part of the lift also came from the RBA finally getting inflation back in the zone. With trimmed mean inflation dipping to 2.9% – the first time it's landed within the 2-3% target in almost four years – markets started whispering about rate cuts. ANZ thinks a 25bps this month is a near cert. And in that kind of setup, tech stocks usually shine. Lower rates are like oxygen for growth stocks, and suddenly investors are leaning back in. The US tech scene was lighting up too. Wall Street was rallying with the Nasdaq and S&P both ticking higher during the month, thanks to a fresh wave of optimism around the big global names after seeing off the worst of the post-Liberation Day sell off. Aussie tech tends to follow Wall Street's lead, and this time was no different. When the big dogs bark, the pack moves. The big bonus came when Donald Trump stepped in with some tariff relief, cutting a break for consumer tech gear like smartphones and chips, before winding back some of his rhetoric on China and the US' other trade partners. That took some pressure off and gave global tech a bit more breathing room, another tailwind that carried over to local players. Put all that together, and April found a sweet spot for ASX tech — a mix of cooling inflation, global momentum, and a bit of policy luck, giving the sector the boost it was hanging out for. ASX tech winners in April Code Name Price Month % Change Market Cap WHK Whitehawk Limited 0.015 88% $10,794,154 HTG Harvest Tech Grp Ltd 0.020 54% $17,918,935 BDT Birddog 0.049 53% $7,912,815 UBN Ltd 0.805 45% $51,929,748 DRO Droneshield Limited 1.340 41% $1,171,280,813 1TT Thrive Tribe Tech 0.002 33% $4,063,446 ELS Elsight Ltd 0.450 27% $81,716,045 ASB Austal Limited 5.310 26% $2,236,466,034 BRN Brainchip Ltd 0.270 26% $546,950,268 SNS Sensen Networks Ltd 0.028 22% $22,205,049 X2M X2M Connect Limited 0.020 18% $7,566,825 AVA AVA Risk Group Ltd 0.105 17% $30,499,563 KNO Knosys Limited 0.043 16% $9,293,964 CAT Catapult Grp Int Ltd 4.090 16% $1,110,124,675 EOL Energy One Limited 12.550 15% $393,196,307 DUB Dubber Corp Ltd 0.041 14% $107,558,066 EIQ Echoiq Ltd 0.330 14% $194,211,944 MP1 Megaport Limited 11.420 14% $1,835,759,096 AJX Alexium Int Group 0.009 13% $14,277,858 SPZ Smart Parking Ltd 0.865 12% $354,782,268 DTZ Dotz Nano Ltd 0.075 12% $42,817,322 FND Findi Limited 4.600 11% $284,285,617 WTC Wisetech Global Ltd 88.520 11% $29,615,314,049 HSN Hansen Technologies 5.410 10% $1,102,731,753 ESK Etherstack PLC 0.285 10% $37,669,021 DWG Dataworks Group 0.175 9% $17,889,208 KYP Kinatico Ltd 0.180 9% $77,776,557 BCC Beam Communications 0.099 8% $8,555,770 ATA Atturralimited 0.875 7% $333,959,567 FCL Fineos Corp Hold PLC 2.190 7% $741,314,266 AMO Ambertech Limited 0.160 7% $15,264,765 YOJ Yojee Limited 0.175 6% $55,975,125 FCT Firstwave Cloud Tech 0.018 6% $30,843,336 AT1 Atomo Diagnostics 0.018 6% $11,505,642 TNE Technology One 30.060 5% $9,840,698,342 XRO Xero Ltd 164.190 5% $25,222,482,282 360 Life360 Inc. 21.940 5% $3,862,333,002 TYR Tyro Payments 0.805 5% $425,319,795 SKO Serko 3.490 4% $429,711,021 DCC Digitalx Limited 0.052 4% $62,588,442 CF1 Complii Fintech Ltd 0.027 4% $15,427,628 VIG Victor Group Hldgs 0.062 3% $40,438,054 AR9 Archtis Limited 0.064 3% $18,429,898 OCL Objective Corp 15.650 3% $1,495,956,050 BTH Bigtincan Hldgs Ltd 0.215 2% $176,660,326 GTK Gentrack Group Ltd 10.800 2% $1,163,396,477 OEC Orbital Corp Limited 0.090 2% $14,830,175 CCR Credit Clear 0.235 2% $99,792,431 PPS Praemium Limited 0.745 2% $355,897,805 XYZ Block Inc 92.300 2% $5,191,834,942 QHL Quickstep Holdings 0.575 2% $41,242,573 DTL Data#3 Limited 7.280 2% $1,127,732,664 CPU Computershare Ltd 40.720 1% $23,804,505,004 NXT Nextdc Limited 11.830 1% $7,576,122,345 DSE Dropsuite Ltd 5.810 1% $412,442,372 WhiteHawk (ASX:WHK) Cybersecurity firm Whitehawk's shares soared after landing a major cyber deal in the US, teaming up with Knexus Research and a few big-name players on a government-wide contract worth up to US$920 million over 10 years. WHK is the only cyber partner on the team, which beat out 22 other groups to win the deal. The contract doesn't bring in cash straight away, it's task-based, so the dollars flow as the work gets handed out. But thanks to a White House order pushing more federal spending into deals like this, WhiteHawk reckons there's big recurring revenue potential ahead. WHK's role will be to roll out cyber risk tools to help US agencies fight fraud and foreign threats. Harvest Technology Group (ASX:HTG) During the month of April, Harvest listed on the Frankfurt Stock Exchange, giving it a foot in the door to Europe's massive capital markets without issuing new shares. The move is aimed at building visibility and drawing in more European investors across key sectors like defence, telco, aerospace, and maritime, where demand for its low-bandwidth, secure video tech is on the rise. The listing lines up with HTG's growing customer base in Europe, where its Nodestream platform is already making rapid traction. HTG is now planning a roadshow across the continent in June, catching up with customers and pitching to high-level investors. No dilution, low cost, and a shot at global growth, HTG reckons this move is right on target. Urbanise (ASX:UBN) During the month, Urbanise reported its performance year for FY24. The company tightened its focus and set itself up for longer-term growth. It brought in a new Chairman, Darc Rasmussen, who saw straight away that Urbanise could lead the way in strata and facilities management software. The company is now running hard on a three-part game plan: grow its customer base, deliver more value through smart features, and connect clients with service providers directly through its platform. Over the year, it locked in $1.04 million in new recurring revenue, added clever new tools like predictive analytics, and slashed operating costs by 14% thanks to better cash flow and fewer bespoke projects. The plan is to hit cash flow sustainability by FY25, and the company said it's laser-focused on making it happen. DroneShield (ASX:DRO) Droneshield rose after locking in five fresh defence contracts worth $32.2 million from a military customer in the Asia Pacific during April, via a big-name global reseller. The company will deliver counterdrone gear through Q2 and Q3 next year, with payments expected during that time. The new deals follow $12.3 million in previous orders from the same buyer, showing demand is ramping up as militaries move from trial runs to full rollouts. With gear that tackles next-gen drone threats, DroneShield reckons it's in the box seat as interest picks up across the region. Elsight (ASX:ELS) Elsight is entering a big new phase, locking in a $4.25 million deal with a European defence giant to deliver its technology over four months. CEO Yoav Amitai reckons it will not only give revenue a nice lift but also put Elsight firmly on the radar in the booming defence space. With war tensions driving up defence budgets across Europe and the US, Yoav says Elsight's drone comms gear is landing in the right place at the right time, giving unmanned systems stronger, smarter control. And even with global tariff noise around, the company said it's staying steady thanks to a spread-out manufacturing setup. Yoav said this recent deal in Europe just the beginning. ASX tech losers in April Code Name Price Month % Change Market Cap FBR FBR Ltd 0.006 -40% $33,813,791 ATV Activeportgroupltd 0.009 -36% $6,164,794 NVQ Noviqtech Limited 0.031 -34% $7,797,633 EPX Ept Global Limited 0.026 -33% $17,127,137 LNU Linius Tech Limited 0.001 -33% $6,151,216 VR1 Vection Technologies 0.018 -33% $27,549,994 IFG Infocusgroup Hldltd 0.007 -30% $1,754,886 3DP Pointerra Limited 0.060 -29% $48,304,608 SPX Spenda Limited 0.005 -29% $23,076,077 CT1 Constellation Tech 0.002 -25% $2,212,101 PIL Peppermint Inv Ltd 0.003 -25% $6,712,918 NXL Nuix Limited 2.430 -24% $803,681,994 GTI Gratifii 0.075 -22% $25,409,205 EXT Excite Technology 0.011 -21% $20,049,061 SP3 Specturltd 0.011 -21% $3,389,651 CGO CPT Global Limited 0.050 -21% $2,094,868 SEN Senetas Corporation 0.019 -20% $30,636,353 IOD Iodm Limited 0.145 -19% $89,401,807 ROC Rocketboots 0.081 -19% $11,795,694 FL1 First Lithium Ltd 0.065 -19% $5,177,484 OPL Opyl Limited 0.026 -19% $5,017,176 RDY Readytech Holdings 2.100 -19% $256,494,158 PRO Prophecy Internation 0.425 -18% $31,343,297 SLX Silex Systems 3.090 -18% $735,737,417 HCL Highcom Ltd 0.180 -16% $18,482,881 CYB Aucyber Limited 0.078 -16% $16,332,942 ASV Assetvisonco 0.032 -16% $23,659,570 XF1 Xref Limited 0.115 -15% $25,310,323 8CO 8Common Limited 0.018 -14% $4,033,708 EVS Envirosuite Ltd 0.072 -14% $104,306,666 W2V Way2Vatltd 0.006 -14% $5,604,001 WBT Weebit Nano Ltd 1.765 -14% $366,935,969 DTI DTI Group Ltd 0.007 -13% $3,139,860 EOS Electro Optic Sys. 1.225 -13% $236,366,321 XPN Xpon Technologies 0.007 -13% $2,537,090 LIS Lisenergylimited 0.110 -12% $70,422,025 OLL Openlearning 0.015 -12% $7,240,120 AXE Archer Materials 0.265 -12% $67,534,458 CXZ Connexion Mobility 0.027 -11% $22,174,299 NVX Novonix Limited 0.425 -11% $270,323,663 1CG One Click Group Ltd 0.008 -11% $9,423,039 BLG Bluglass Limited 0.016 -11% $29,448,965 HYD Hydrix Limited 0.016 -11% $4,364,302 SPA Spacetalk Ltd 0.205 -11% $14,926,476 VNL Vinyl Group Ltd 0.094 -10% $118,350,130 BEO Beonic Ltd 0.180 -10% $12,754,981 AI1 Adisyn Ltd 0.050 -9% $36,116,280 RKT Rocketdna Ltd. 0.010 -9% $9,155,232 RWL Rubicon Water 0.255 -9% $61,377,250 COS Cosol Limited 0.730 -9% $132,851,821 XRG Xreality Group Ltd 0.032 -9% $18,271,433 IFM Infomedia Ltd 1.240 -8% $469,240,416 SOR Strategic Elements 0.034 -8% $15,939,487 DUG DUG Tech 1.025 -8% $138,024,041 NOR Norwood Systems Ltd. 0.024 -8% $11,750,684 ODA Orcoda Limited 0.074 -8% $13,876,052 JCS Jcurve Solutions 0.025 -7% $8,258,586 5GN 5G Networks Limited 0.130 -7% $38,744,410 NVU Nanoveu Limited 0.039 -7% $28,954,779 QOR Qoria Limited 0.395 -7% $514,126,184 FLX Felix Group 0.200 -7% $40,899,943 IRI Integrated Research 0.410 -7% $72,714,610 MX1 Micro-X Limited 0.058 -6% $38,522,051 SMN Structural Monitor. 0.390 -6% $60,178,969 ACE Acusensus Limited 1.050 -5% $147,027,155 PPK PPK Group Limited 0.305 -5% $27,697,812 AD8 Audinate Group Ltd 6.140 -5% $511,815,627 ERD Eroad Limited 0.840 -4% $157,424,931 RUL Rpmglobal Hldgs Ltd 2.750 -4% $610,623,648 SMP Smartpay Holdings 0.770 -4% $186,296,467 NOV Novatti Group Ltd 0.027 -4% $14,657,783 4DS 4Ds Memory Limited 0.030 -3% $60,069,707 TZL TZ Limited 0.062 -3% $17,398,074 RKN Reckon Limited 0.480 -3% $54,381,519 JAN Janison Edu Group 0.165 -3% $42,881,562 DXN DXN Limited 0.034 -3% $10,155,924 IKE Ikegps Group Ltd 0.715 -3% $115,159,825 PHX Pharmx Technologies 0.077 -3% $46,085,023 BVS Bravura Solution Ltd 2.190 -2% $981,895,264 IRE IRESS Limited 7.950 -2% $1,484,976,318 CDA Codan Limited 15.750 -2% $2,859,740,762 EML EML Payments Ltd 0.975 -2% $372,343,316 VGL Vista Group Int Ltd 3.280 -1% $783,376,770 This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decision.
Yahoo
01-04-2025
- Business
- Yahoo
WhiteHawk Energy acquires natural gas assets in Marcellus Shale for $118m
WhiteHawk Energy has announced the acquisition of additional natural gas mineral and royalty assets in the Marcellus Shale for $118m. The transaction doubles WhiteHawk's ownership interest across its existing 475,000 gross unit acres and enhances its position, primarily in the counties of Washington and Greene in Pennsylvania. EQT, Range Resources, CNX Resources and Antero Resources manage approximately 95% of the production, cash flow and present value from the Marcellus assets. The deal is effective from 1 January 2025. WhiteHawk's Marcellus Shale holdings now span roughly 675,000 gross acres, with output derived from approximately 2,068 horizontal shale wells. The company also holds mineral and royalty interests in 141 wells-in-progress, 66 permitted wells and 1,713 undeveloped Marcellus locations, with potential from the underlying Utica Shale. WhiteHawk Energy CEO Daniel C. Herz said: 'The 2025 Marcellus Acquisition provides WhiteHawk additional production, line-of-site development, undeveloped inventory and cash flow from our core Appalachia position. '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. 'This Marcellus Shale acquisition is the ideal natural gas minerals position, combining best-in-class natural gas operators, proven and predictable production, and the lowest break-even drilling costs in the US.' Alongside its Marcellus assets, WhiteHawk also holds natural gas mineral and royalty interests in the Haynesville Shale, spanning approximately 375,000 gross acres and comprising 1,371 producing horizontal shale wells. The Haynesville assets are actively developed by Expand Energy, Aethon Energy Management and Comstock Resources. The Marcellus Shale assets have performed above expectations since WhiteHawk initially acquired them in March 2022. WhiteHawk Energy previously reached an agreement to acquire further natural gas mineral and royalty assets in the Marcellus Shale region in November 2023 from an undisclosed company for $54m. "WhiteHawk Energy acquires natural gas assets in Marcellus Shale for $118m" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
