Evolution Petroleum Announces Acquisition of Non-Operated Assets in the Williston Basin

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Jan 20, 2022

HOUSTON, TX / ACCESSWIRE / January 20, 2022 / Evolution Petroleum (NYSE American:EPM) ("Evolution" or the "Company") announced today the closing of an acquisition of oil-weighted, non-operated oil and natural gas assets in the Williston Basin (the "Transaction"). The Company acquired 50% of certain interests held by privately-owned Foundation Energy Management ("Foundation") in North Dakota in Billings, Golden Valley, and McKenzie counties. The purchase price at closing was $25.9 million, net of preliminary purchase price adjustments. The Transaction had an effective date of June 1, 2021 and closed on January 14, 2022.