Evolution Petroleum closes $16M Midland Basin mineral & royalty acquisition

EVOLUTION PETROLEUM CORP

Closed purchase of ~3,420 net royalty acres across Reagan, Upton, Glasscock, Midland, Martin counties, Texas.
Total price $16M, effective Aug 1, 2026; funded with stock offering proceeds, cash, credit facility.
Acquired interests expected ~$3.9M NTM asset cash flow, ~4.1x multiple; production ~210 BOE/d (65% liquids).
Production expected to more than double by end of fiscal 2029 on 125 new wells/year; accretive to cash flow/share.
Pro forma liquidity ~$19M; M&R to be ~20% of fiscal 2027 asset cash flow mix vs <10% in fiscal 2026.

Featured in Daily 8-K Digest

Selected #6 for 2026-08-21. Read digest

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