WhiteHawk Energy LLC has entered a deal to acquire a package of Haynesville Shale mineral and royalty assets for up to $105 million, management said Tuesday.

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The assets cover about 375,000 gross unit acres in northwestern Louisiana, and are operated by exploration and production firms including Southwestern Energy Co., Chesapeake Energy Corp., Aethon Energy Management LLC and Comstock Resources Inc., according to Philadelphia-based WhiteHawk.

The assets to be acquired include more than 1,230 horizontal wells, 157 line of sight wells and 44 permitted wells, all in the core of the dry gas-rich Haynesville.

Following the acquisition, which has an initial effective date of Feb. 1, WhiteHawk would own minerals and royalties in the core of the Haynesville and Marcellus shales across more than 850,000 gross unit acres and more than 2,300 producing horizontal wells.

“The diversified position will benefit from sales points in both the Northeast and Gulf Coast regions,” management said.

In the Marcellus, WhiteHawk in 2022 acquired natural gas mineral and royalty assets covering 475,000 gross unit acres mainly in Pennsylvania’s Greene and Washington counties.

With the Haynesville assets, “WhiteHawk is continuing to execute on its business plan of acquiring mineral and royalty interests in the highest quality natural gas basins in North America, anchored by best-in-class operators,” said CEO Daniel Herz. “Natural gas continues to be a core element of the global economy and 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.”

The Haynesville has seen resurgent interest from upstream, midstream and LNG companies due to its proximity to Gulf Coast liquefied natural gas export markets.

The Haynesville drilling rig count stood at 68 as of Friday (Jan. 13), up 31% year/year, according to Baker Hughes Co. and Enverus data.