(WO) - WhiteHawk Energy, LLC has entered into a definitive purchase and sale agreement to acquire natural gas mineral and royalty interests covering approximately 150,000 gross unit acres in the core of the Haynesville shale in Louisiana and East Texas.
The assets include interests associated with roughly 500 producing natural gas wells and approximately 1,000 wells-in-process, permitted wells and undeveloped drilling locations. The transaction is expected to close in early April 2026, subject to customary closing conditions.
The acquired acreage is concentrated in core areas of the Haynesville and Mid-Bossier formations and is operated by established natural gas producers, including Expand Energy, Apex Energy, Aethon Energy Management, GeoSouthern Energy and EXCO Resources. The assets provide exposure to active development programs and visible near-term drilling activity, supported by a substantial inventory of undeveloped locations.
Following completion of the transaction, WhiteHawk will own mineral and royalty interests across approximately 3.5 million gross unit acres, representing more than 11,000 producing wells, about 500 wells-in-process and permitted wells, and approximately 8,000 undeveloped locations. The company said the acquisition further strengthens its position in the Haynesville, one of North America’s most active and economically competitive dry gas basins.
See also: JERA closes $1.5-billion Haynesville shale acquisition in Louisiana
WhiteHawk continues to focus on acquiring mineral and royalty interests in core natural gas plays, primarily the Haynesville shale and the Marcellus shale. Inclusive of this latest transaction, the company has completed six acquisition transactions in 2026 to date.
The Haynesville basin remains strategically positioned near Gulf Coast LNG export terminals, supporting long-term demand fundamentals tied to U.S. liquefied natural gas growth. Operators in the basin have maintained steady development activity, driven by improved well productivity, infrastructure access and proximity to export markets.
WhiteHawk’s business model centers on acquiring cash-flowing mineral and royalty interests while maintaining exposure to drilling upside without direct capital expenditures associated with well development. The company said it remains focused on scaling its portfolio in premier U.S. gas basins through structured transactions designed to support long-term value creation.