WhiteHawk Energy Gets $100M to Buy More Mineral/Royalty Rights

Headquartered in Philadelphia, PA, WhiteHawk Energy was founded in 2021 to acquire mineral rights and royalty interests in U.S. shale plays. The management team of WhiteHawk has deep roots in the Marcellus, having founded Atlas Energy (a Marcellus driller) that was later sold to Chevron for $4.3 billion. In March 2022, MDN told you that WhiteHawk had purchased mineral and royalty rights in southwestern Pennsylvania, primarily in Washington and Green counties, for $52.5 million, covering 475,000 gross acres (see WhiteHawk Energy Buys NatGas & Royalty Assets in SWPA for $52M). WhiteHawk announced yesterday it had arranged a new $100 million line of credit (i.e., "credit facility") with an unnamed lender to buy more mineral rights and royalty interests.

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