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Falcon Minerals Corporation

Company Summary

Description

Falcon Minerals Corporation is a C-Corporation formed to own and acquire high growth core-of-the-core oil-weighted minerals which generate substantial free cash flow. Upon closing of the business combination with Royal Resources L.P., Falcon Minerals will own mineral, royalty, and over-riding royalty interests covering 251,000 gross unit acres in the Eagle Ford and Austin Chalk in Karnes County, DeWitt County, and Gonzales County Texas.

Website

http://globenewswire.com/news-release/2018/08/20/1...

Operational Regions

  • Eagle Ford

Financial Data:

NASDAQ:OSPRU from Google Finance

Tickers:

  • OSPRU - NASDAQ

Related Entities

Recent news

Company Transactions

Date: 7/30/2018
Type: Acquisition

BUYERS:
  • Falcon Minerals Corporation
  • Falcon Minerals Operating Partnership
    • SELLERS:
  • Blackstone Energy Partners
  • Blackstone Capital Partners
  • Royal Resources Ltd
    • DETAILS:

    COST: 894 $MM

    VOLUMES: 4.764 MBOE/d

    NOTES:
    Osprey Energy Acquisition Corp. has entered into a deal to acquire the assets of Royal Resources from Blackstone Energy Partners and Blackstone Capital Partners for $400 million in cash and 40 million shares of common stock. The combined company between Osprey and Royal will be named Falcon Minerals Corporation and Blackstone will retain a 47% ownership interest in the company via common stock holdings. The acquired assets include net production of 4,764 boe/d and an asset position spread across 251,000 gross unit mineral acres.
    REGIONS:
  • Austin Chalk
  • Eagle Ford