Evolution Petroleum Closes Strategic Acquisition of Midland Basin Mineral & Royalty Interests
Evolution Petroleum closed the acquisition of mineral and royalty interests in the Midland Basin for $16 million, effective August 1, 2026. The assets span 3,420 net royalty acres and include 832 producing wells, expected to generate approximately $3.9 million in next-twelve-month cash flow.
Key figures
- Deal Value Usd
- $16 million
- Ntm cash flow
- $3.9 million
- Producing wells
- 832
- Net royalty acres
- 3420
- Liquidity pro forma
- $19 million
- Acquisition multiple
- 4.1x
- Current production boe per day
- 210
AI analysis
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