WhiteHawk Energy to acquire Marcellus Royalties for $53m.

WhiteHawk Energy, a firm focused on acquiring mineral and royalty interests in top tier oil and gas resource plays, agreed to acquire the natural gas minerals and royalty assets located in Southwestern Pennsylvania for $53m. "The Marcellus Royalties is the ideal acquisition for WhiteHawk. We have operated for over 15 years in Appalachia and helped to pioneer the Marcellus shale in this very area. With these assets, WhiteHawk obtains mineral and royalty interests in the highest quality reservoir, in the premier natural gas basin in the United States, operated by best-in-class companies. Now, more than ever, natural gas is needed to provide clean electricity for vehicle electrification, offer affordable energy for heating homes, and further drive energy security for the United States and our allies," Daniel C. Herz, WhiteHawk CEO.