San Jacinto Minerals has sold 13,700 net royalty acres in the Pennsylvania Marcellus Shale to WhiteHawk Energy for $118 million, marking a successful exit for the company and its investors.

Information on the Target

San Jacinto Minerals has successfully announced the sale of 13,700 net royalty acres located in the Pennsylvania Marcellus Shale to WhiteHawk Energy for a total of $118 million. At the end of the reporting period, these assets were yielding more than 21 million cubic equivalent per day, predominantly comprising dry natural gas. Notably, 95% of these assets are operated by key industry players such as EQT, Range Resources, and CNX Resources.

This divestiture represents a significant move for San Jacinto Minerals, as it accounts for 50% of their total holdings in the San Jacinto Minerals I entity, established in 2015. The remaining 50% was previously sold to WhiteHawk in two separate transactions during 2022 and 2023, totaling $110 million.

Industry Overview in the Target’s Specific Country

The United States, particularly recognized for its robust natural gas sector, is home to the Marcellus Shale, one of the largest natural gas fields in the country. The Marcellus Shale production ha