EVOLUTION PETROLEUM CORP (EPM) Form 8-K — Aug 18, 2026
Evolution Petroleum Corporation (NYSE American: EPM) has entered into a definitive Purchase and Sale Agreement to acquire Midland Basin mineral, royalty and overriding royalty interests across Reagan, Upton, Glasscock, Midland and Martin Counties, Texas for $16 million in cash. The deal, signed through subsidiary Evolution Minerals, LLC, is expected to close on or about August 21, 2026 with an August 1, 2026 effective date. The acquired interests span approximately 3,420 net royalty acres with royalties on 832 producing wells plus 34 DUCs, 27 permitted wells and roughly 1,257 upside locations, currently producing about 210 BOE/d that is 65% liquids.
Key figures
- Deal Value Usd
- 16000000
- Net Wells
- 5.24
- Effective Date
- August 1, 2026
- Completed Wells
- 7
- Ntm Cash Flow Usd
- 3900000
- Permitted Wells
- 27
- Producing Wells
- 832
- Net Royalty Acres
- 3420
- Upside Locations
- 1257
- Expected Close Date
- on or about August 21, 2026
- Gas Pct Of Production
- 35
- Gas Price Assumption
- $3.50/Mcf
- Ngl Pct Of Production
- 27
- Oil Pct Of Production
- 38
- Oil Price Assumption
- $75/bbl
- Mr Cash Flow Mix FY2026
- less than 10%
- Ntm Cash Flow Yield Pct
- 24.6
- Acquisition Multiple NTM
- 4.1
- Liquids Pct Of Production
- 65
- Pro Forma Net Royalty Acres
- 9320
- Price Per Net Royalty Acre Usd
- 4678
- Current Production Boe Per Day
- 210
- Drilled But Uncompleted Wells
- 34
- Total Gross Wells And Locations
- 2157
- Mr Cash Flow Mix Pro Forma FY2027 Pct
- 20
Price after filing
Close on the filing date to close N calendar days later (from $3.83). Historical, not a forecast.
AI analysis
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