Evolution Petroleum Corp Announces $16M Midland Basin Acquisition

What Happened

• On August 18, 2026, Evolution Petroleum Corporation (EPM), through its wholly owned subsidiary Evolution Minerals, LLC, announced it entered a Purchase and Sale Agreement to acquire mineral interests, royalty interests and overriding royalty interests in oil and gas properties in the Midland Basin (Reagan, Upton, Glasscock, Midland and Martin Counties, Texas).
• The Base Purchase Price is $16,000,000 in cash (subject to customary adjustments). The Acquisition is expected to close on or about August 21, 2026, with an effective date of August 1, 2026. The seller must have acquired the conveyed assets under an Option Agreement dated May 20, 2026, prior to or concurrently with closing.

Key Details

• Purchase price: $16,000,000 cash (base amount; customary post-closing adjustments may apply).
• Expected timeline: 8-K filed Aug 18, 2026; expected close on or about Aug 21, 2026; effective date Aug 1, 2026.
• Assets: mineral, royalty and overriding royalty interests in Reagan, Upton, Glasscock, Midland and Martin Counties, Texas (Midland Basin).
• Conditions: Closing subject to customary conditions; seller must complete an upstream acquisition under the May 20, 2026 Option Agreement; mutual representations, warranties and indemnities were agreed.

Why It Matters

• The filing shows EPM is expanding its mineral and royalty position in the Midland Basin, a major U.S. oil-producing region. Completion and the timing of benefits depend on satisfying closing conditions and the seller’s upstream acquisition requirement.
• The 8-K does not disclose financing details, projected production, reserves or revenue impact; the Purchase Agreement is expected to be filed as an exhibit to EPM’s Q3 2026 Form 10-Q. Investors should watch forthcoming filings and company announcements for details on funding, expected cash flow and operational impact.
• A press release announcing the transaction was furnished as Exhibit 99.1 to the 8-K.