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Evolution Petroleum Announces Closing of the Barnett Shale Acquisition

Evolution Petroleum Announces Closing of the Barnett Shale Acquisition
ACCESSWIRE
Purchase of Minerals and Non-operated Working Interests in Long-Life, Liquids Rich Barnett Shale
Increases Scale and Further Diversifies Assets
Accretive Transaction Supports the Company s Long-Term Dividend Strategy
HOUSTON, TX / ACCESSWIRE / May 10, 2021 / Evolution Petroleum (NYSE American:EPM) ( Evolution or the Company ) announced today the closing of the acquisition of non-operated oil and gas assets in the Barnett Shale (the Transaction ) from TG Barnett Resources, LP ( TGBR ), a wholly owned subsidiary of Tokyo Gas Americas, Ltd. ( Tokyo Gas ) for $18.2 million, net of preliminary purchase price adjustments. The final purchase price before adjustments of the Transaction was $19.6 million in cash, with an effective date of January 1, 2021 and a closing date of May 7, 2021. The Company acquired substantially all of the assets, however a portion of the non-operated dry gas ....

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Evolution Petroleum Announces Closing of the Barnett Shale Acquisition

Evolution Petroleum Announces Closing of the Barnett Shale Acquisition
ACCESSWIRE
Purchase of Minerals and Non-operated Working Interests in Long-Life, Liquids Rich Barnett Shale
Increases Scale and Further Diversifies Assets
Accretive Transaction Supports the Company s Long-Term Dividend Strategy
HOUSTON, TX / ACCESSWIRE / May 10, 2021 / Evolution Petroleum (NYSE American:EPM) ( Evolution or the Company ) announced today the closing of the acquisition of non-operated oil and gas assets in the Barnett Shale (the Transaction ) from TG Barnett Resources, LP ( TGBR ), a wholly owned subsidiary of Tokyo Gas Americas, Ltd. ( Tokyo Gas ) for $18.2 million, net of preliminary purchase price adjustments. The final purchase price before adjustments of the Transaction was $19.6 million in cash, with an effective date of January 1, 2021 and a closing date of May 7, 2021. The Company acquired substantially all of the assets, however a portion of the non-operated dry gas ....

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