Drillers Partner with WhiteHawk to Buy M-U Minerals Early

WhiteHawk Minerals (NYSE: WHK), the Philadelphia company that has quietly become one of the largest mineral and royalty owners in the Marcellus, filed its first full quarterly report as a public company this week: $111.8 million of new acquisitions, record production of 70.0 MMcfe/d, and its first real dividend at $2.00 per share annualized. But the most interesting thing WhiteHawk said all week wasn't in the press release. It came out of CEO Daniel Herz's mouth on Thursday's earnings call — some of the biggest drillers in Appalachia are now partnering with WhiteHawk to buy minerals ahead of the drill bit.

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