Evolution Petroleum Corp (EPM) has released an update.
Evolution Petroleum Corporation has finalized its $43.9 million acquisition of non-operated oil and gas assets in Oklahoma’s SCOOP and STACK regions, expanding its portfolio with interests in 231 wells and approximately 3,700 acres with significant drilling potential. The assets, which produce a balanced mix of oil, natural gas, and liquids, are expected to bolster the company’s revenue shortly, with final financial adjustments forthcoming. This strategic move, funded through cash and credit, marks a notable growth step for Evolution in the energy sector, while also reminding investors of the inherent risks in forward-looking statements.
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