A Blank Rome team represented PHX Minerals Inc. (NYSE: PHX) in a definitive agreement under which it will be acquired by WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, “WhiteHawk” or the “Company”). The all-cash transaction values PHX at $4.35 per share, or a total value of approximately $187 million, including PHX’s debt. This acquisition will enable WhiteHawk to add 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale in East Texas and North Louisiana and diversifying its portfolio into the SCOOP/STACK region in Oklahoma. The transaction is expected to close by early in the third quarter of 2025.
To learn more about the transaction, please read: WhiteHawk to Acquire PHX Minerals Inc. for $4.35 per Share.
The Blank Rome team was led by Robert J. Mittman, Peter Schnur, Peter M. Melampy, and Alexander J. Dondershine, with the support of Joseph T. Gulant, Brad L. Shiffman, Michael A. Kadlec, Megan E. Spitz, Scott R. Smith, Naomi M. Gallimore, Karen H. Shin, Stephen M. Pennartz, and Austin M. Abir.
