---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000186"
form_type: "8-K"
ticker: "EPM"
cik: "0001006655"
company_name: "EVOLUTION PETROLEUM CORP"
filed_at: "2024-01-10T23:59:59+00:00"
generated_at: "2026-06-07T00:47:37.100190+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Evolution Petroleum buys Oklahoma SCOOP/STACK assets for $43.5M cash, ~1,550 BOEPD

## Summary
- $43.5M cash acquisition, effective Nov 1, 2023, closing mid-Feb 2024.
- Assets: ~230 wells in SCOOP/STACK (Oklahoma), ~1,550 BOEPD, 42% oil, avg 3% working interest.
- Also includes ~3,700 net acres with >300 drilling locations (avg 3% WI).
- Funded by $8M cash and revolver; pro forma net debt within 1x leverage target.
- Largest transaction in EPM history; accretive to EPS, CFPS; supports dividend.

## SEC filing metadata
- accession: 0001558370-24-000186
- form_type: 8-K
- ticker: EPM
- cik: 0001006655
- company_name: EVOLUTION PETROLEUM CORP
- filed_at: 2024-01-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006655/000155837024000186/0001558370-24-000186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006655/000155837024000186/epm-20240105x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000186
- JSON: https://secwatch.observer/filing/0001558370-24-000186.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000186.txt

## Key facts
- Material Agreements
  EVOLUTION PETROLEUM CORP entered into Purchase and Sale Agreements with Red Sky Resources III, LLC, Red Sky Resources IV, LLC, and Coriolis Energy Partners I, LLC valued at approximately $43.5 million (effective 2024-01-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Red Sky Resources III, LLC, Red Sky Resources IV, LLC, and Coriolis Energy Partners I, LLC
  - Value: approximately $43.5 million
  - Effective: 2024-01-05
  source text: On January 5, 2024, Evolution Petroleum Corporation (the “Company”) entered into separate Purchase and Sale Agreements (“PSAs”) with Red Sky Resources III, LLC, Red Sky Resources IV, LLC, and Coriolis Energy Partners I, LLC. Pursuant to the PSAs, the Company will acquire non-operating working interests in oil and natural gas assets in the SCOOP and STACK plays in central Oklahoma for a combined purchase price of approximately $43.5 million in cash.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006655/000155837024000186/0001558370-24-000186-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.