Mergers & Acquisitions ·
Evolution Petroleum Corporation closed its previously announced acquisition of mineral and royalty interests in the…
EPMEvolution Petroleum Corp
Evolution Petroleum Corporation closed its previously announced acquisition of mineral and royalty interests in the Midland Basin on August 20, 2026, for $16 million subject to customary adjustments. The acquired assets span approximately 3,420 net royalty acres across five Texas counties and include royalties on an estimated 832 producing wells, 7 completed wells, 34 drilled but uncompleted wells, and 27 permitted wells. Current production is approximately 210 BOE/d with a 65% liquids content. The transaction is expected to generate $3.9 million in next-twelve-month cash flow at a multiple of roughly 4.1x and will more than double daily production by the end of fiscal 2029 without additional capital expenditure from Evolution. This acquisition strengthens dividend coverage and increases pro forma liquidity to approximately $19 million. Evolution Petroleum Corporation is an independent energy company focused on maximizing shareholder returns through ownership and investment in onshore oil and natural gas properties.