Evolution Petroleum Closes $9 Million Acquisition of Oil, Gas Assets

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Evolution Petroleum Closes $9 Million Acquisition of Oil, Gas Assets

, MT Newswires - 5:29 PM ET 4/14/2025 default

05:29 PM EDT, 04/14/2025 (MT Newswires) -- Evolution Petroleum ( EPM ) said late Monday it closed the acquisition of non-operated oil and natural gas assets in New Mexico, Texas, and Louisiana for $9 million.

The seller of the assets was not disclosed.

The acquisition, effective Feb. 1, was funded through a combination of cash and borrowings under the company's existing credit facility, Evolution said.

Shares of Evolution Petroleum ( EPM ) were up more than 4% in recent after-hours activity.

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