From GlobeNewswire: 2024-12-13 12:43:24

Freehold Royalties Ltd. has closed a $259 million deal to acquire mineral title and royalty interests in the core of the Midland Basin in Texas. The acquisition includes 1,500 – 1,600 boe/d of premium priced, light oil production and is expected to generate approximately $37 million in net royalty revenue in 2025. Additionally, Freehold has declared a monthly dividend of $0.09 per share to be paid on January 15, 2025. To support the acquisition, Freehold has increased its credit facilities by $50 million, bringing the total to $450 million. The company is a leading North American energy royalty company with shares trading on the Toronto Stock Exchange.



Read more at GlobeNewswire: Freehold Royalties Announces Closing of Strategic Midland