Evolution Petroleum closes USD 16 million Midland Basin mineral, royalty acquisition - EPM News | RalliesEvolution Petroleum closes USD 16 million Midland Basin mineral, royalty acquisition
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EPM• Expected cash flow and production impact
- The acquisition is expected to generate about USD 3.9 million in next-12-month asset-level cash flow, implying a 4.1x multiple.
- Current production is about 210 BOE/d; output from the acquired interests is projected to more than double by end-fiscal 2029.
- Pro forma liquidity rises to about USD 19 million, supported by added borrowing capacity under the reserve-based credit facility.
Midland Basin mineral and royalty acquisition closes
- Evolution Petroleum closed a USD 16 million purchase of Midland Basin mineral and royalty interests, effective Aug. 1, 2026.
- The deal covers about 3,420 net royalty acres in Texas, adding high-margin cash flow with no lifting costs or drilling capital.
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