Falcon Minerals Corporation Reports First Quarter 2022 Production and Declares Quarterly Dividend Increase of 24%
04 Mai 2022 - 10:15PM
Business Wire
Falcon Minerals Corporation (“Falcon,” or the “Company,” “we,”
“our,”) (NASDAQ: FLMN, FLMNW), a leading oil and gas minerals
company, today announces the first quarter 2022 production and
declares its first quarter 2022 dividend.
Falcon Highlights
- Net production of 4,100 barrels of oil equivalent per day
(“Boe/d”) for the first quarter 2022.
- First quarter 2022 dividend of $0.18 per share declared on May
4, 2022.
- Represents a 24% sequential increase over the fourth quarter
2021 dividend.
- Dividend will be paid on May 31, 2022 to all shareholders of
record as of May 18, 2022.
- Falcon announced on January 12, 2022 that the Company had
entered into a definitive agreement to combine in an all-stock
transaction with Desert Peak Minerals; it is anticipated that the
transaction will close in the second quarter 2022.
About Falcon Minerals
Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) is a
C-Corporation formed to own and acquire high growth oil-weighted
mineral rights. Falcon Minerals owns mineral, royalty, and
over-riding royalty interests covering approximately 256,000 gross
unit acres in the Eagle Ford Shale and Austin Chalk in Karnes,
DeWitt, and Gonzales Counties in Texas. The Company also owns
approximately 95,000 gross unit acres in the Marcellus Shale across
Pennsylvania, Ohio, and West Virginia. For more information, visit
our website at www.falconminerals.com.
Cautionary Note Regarding Forward-Looking Statements
This document contains forward-looking statements that involve a
number of assumptions, risks and uncertainties that could cause
actual results to differ materially from those contained in the
forward-looking statements. Falcon cautions readers not to place
any undue reliance on these forward-looking statements as
forward-looking information is not a guarantee of future
performance. The words “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,”
“seeks,” “possible,” “potential,” “predict,” “project,”
“prospects,” “guidance,” “outlook,” “should,” “would,” “will,” and
similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not
forward-looking. Such forward-looking statements include, but are
not limited to, statements about future financial and operating
results, future dividends paid, the tax treatment of dividends
paid, Falcon’s plans, initiatives, objectives, expectations and
intentions, the anticipated impact and timing of the proposed
Desert Peak transaction, including the combined company’s expected
performance, and other statements that are not historical facts.
While forward-looking statements are based on assumptions and
analyses made by us that we believe to be reasonable under the
circumstances, whether actual results and developments will meet
our expectations and predictions depend on a number of risks and
uncertainties which could cause our actual results, performance,
and financial condition to differ materially from our expectations.
See “Risk Factors” in Falcon’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2021 and in Falcon’s Quarterly
Reports on Form 10-Q, filed with the Securities and Exchange
Commission (“SEC”), for a discussion of risk factors that affect
our business. Any forward-looking statement made in this news
release speaks only as of the date on which it is made. Factors or
events that could cause actual results to differ may emerge from
time to time, and it is not possible to predict all of them.
Neither Desert Peak nor Falcon undertake any obligation to publicly
update any forward-looking statement, whether as a result of new
information, future development, or otherwise, except as may be
required by law.
Additional Information and Where to Find It
In connection with the proposed Desert Peak transaction, the
Company has filed with the SEC a proxy statement on Schedule 14A
(the “Proxy Statement”) and will file other documents with the SEC
regarding the proposed transaction. The Proxy Statement will be
sent or given to the Company’s stockholders and will contain
important information about the proposed transaction and related
matters. INVESTORS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING
ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. You may obtain a
free copy of the Proxy Statement and other relevant documents filed
by Falcon with the SEC at the SEC’s website at www.sec.gov. You may
also obtain the Company’s documents on its website at
www.falconminerals.com. The references to the SEC's website and our
website are for the convenience of investors and shall not be
deemed to be incorporated into any of the Company’s filings. All
website addresses in this prospectus are intended to be inactive
textual references only.
Participants in the Solicitation
The Company, Desert Peak and certain of their respective
directors, executive officers and employees may be deemed to be
participants in the solicitation of proxies in connection with the
proposed transaction and may have direct or indirect interests in
the proposed transaction. Information about the Company’s directors
and executive officers is set forth in the Company’s Proxy
Statement on Schedule 14A for its 2021 Annual Meeting of
Stockholders, filed with the SEC on April 23, 2021, its Annual
Report on Form 10-K for the fiscal year ended December 31, 2021
filed with the SEC on March 11, 2022, and its other documents which
are filed with the SEC. Other information regarding the
participants in the proxy solicitations and a description of their
direct and indirect interests, by security holdings or otherwise,
is set forth in the Proxy Statement. Other relevant materials will
be filed with the SEC regarding the proposed transaction when they
become available. Investors should read the Proxy Statement
carefully before making any voting or investment decisions.
Investors may obtain free copies of these documents using the
sources indicated above.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220504006090/en/
Falcon Minerals Contact:
Matthew B. Ockwood Chief Financial Officer
mockwood@falconminerals.com
Falcon Minerals (NASDAQ:FLMN)
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