FifthPeak Ventures has acquired 177 net royalty acres in Shelby and Panola counties to capitalize on the growth potential of the Haynesville shale region.

Information on the Target

FifthPeak Ventures has successfully acquired approximately 177 net royalty acres located in Shelby and Panola counties as of February 2022. This strategic acquisition is part of a broader initiative in which FifthPeak, along with its investment partners, has secured complete control over 2,200 unleased gross acres in a rapidly developing area of the Haynesville shale play.

The acreage's potential is significant, given the ongoing advancements in extraction technology and the growing demand for natural gas. FifthPeak aims to harness the long-term value of these assets by allowing for their maturation over an appropriate timeline, thus ensuring optimal returns.

Industry Overview in the Target’s Specific Country

The natural gas industry in the United States, particularly in regions like the Haynesville shale, has undergone transformative growth in recent years. The country's shift towards c