Freehold Royalties completes a $259M Texas oil acquisition, boosting daily production by 1,600 barrels.

Freehold Royalties Ltd. has completed a $259 million acquisition of mineral and royalty interests in Texas' Midland Basin, expected to add about 1,600 barrels of oil equivalent per day. The company also increased its credit facilities to $450 million and declared a $0.09 monthly dividend, payable on January 15, 2025. The deal supports Freehold's growth plans and will enhance funds flow and production metrics.

4 months ago
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