Osprey and Blackstone said Falcon Minerals will have an enterprise value of . Under the Shareholders' Agreement, the parties thereto agreed to use reasonable best efforts, and . Black Stone Minerals owns and manages roughly 20 million acres of oil and gas mineral and royalty assets, one of the leading portfolios in the U.S. Over 20 Million Acres of Opportunity NYSE: BSM $16.44 0.9% Our Aproach Falcon Minerals acquired the Eagle Ford Shale position in June 2018 from Blackstone Mineral Partners, L.L.C., a wholly-owned subsidiary of Blackstone Energy The Eagle [] About Falcon Minerals. On July 15, 2021, Blackstone Management Partners, . Herz has served as Falcon Minerals' CEO since its formation in 2018 through the acquisition by its predecessor of Blackstone Energy Partners' entire portfolio of minerals assets in South Texas. . Falcon Minerals. The transaction with Desert Peak will mark the next chapter for Falcon Minerals, which formed in 2018 through an $800 million combination with Blackstone's royalty business. Falcon Minerals Corporation (Exact Name of Registrant as Specified in Charter) Delaware : 001-38158 : 82-0820780 (State or Other Jurisdiction of Incorporation) . ("Osprey Sponsor"), Royal, Royal GP and Blackstone Management Partners, L.L.C. HOUSTON -- (BUSINESS WIRE)--Apr. Blackstone, which currently owns 40.6% of the voting power of Falcon, has entered into a support agreement obligating it to vote in favor of the transaction. Osprey Energy Acquisition Corp. announced today that it has reached a definitive agreement to acquire assets held by Royal Resources, a Blackstone owned entity, in exchange for $400 million cash . Find the latest news for Falcon Minerals Corp. Class A Stock on our page and stay on top of the game. MONSEY, New York, Jan 18, 2022 (GLOBE NEWSWIRE via COMTEX) -- MONSEY, New York, Jan. 18, 2022 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is. The three largest operators on Falcon Minerals' lands are ConocoPhillips, EOG . Falcon Minerals Corp. investors filed suit in Delaware, seeking to block any shareholder vote on its planned $1.9 billion merger with another Blackstone Group LP affiliate over disclosures that allegedly hid key details about the transaction.. 2018-06-04 sec.gov - Exhibit 99.2 Osprey Energy Acquisition Corp. and Blackstone's Royal Resources Announce Combination to Form Falcon Minerals Corporation, a Publicly Traded Oil-Weighted Minerals Company Combination to create the first public minerals company with oil-weighted assets concentrated in the core-of-the-core Eagle Ford Shale Falcon Minerals will . Additionally, the Partnership announced the date of its first quarter 2022 earnings call. Falcon approves dividend of $0.095 per share, or $0.90 per share on an annualized basis, for the Company's initial period from August 23 rd to September 30 th, 2018 Shares of Falcon Minerals ( FLMN -0.94%), which owns royalty interests in onshore U.S. energy lands, fell as much as 12.5% on Wednesday. falcon minerals corporation reports first quarter 2022 production and declares quarterly dividend increase of 24% HOUSTON, TX - May 4, 2022 - 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 . . Class A Common Stock. Kirkland & Ellis counseled Blackstone in connection with Falcon Minerals Corporation's (NASDAQ: FLMN, FLMNW) entry into a definitive agreement to combine with Desert Peak Minerals in an all-stock transaction which values the combined enterprise at $1.9 billion. The deal is expected to close in the second quarter of 2022. Falcon Minerals reported sales of $16.16 million during the [] Falcon Minerals owns mineral, royalty, and over-riding royalty interests covering 251,000 gross unit acres in the Eagle Ford and Austin Chalk in Karnes County, DeWitt County, and Gonzales County . Further, according to SEC filings, Royal Resources L.P. ("Royal"), an affiliate of Blackstone currently owns 40.6% of the voting power of Falcon, and has entered into a support agreement . Falcon and Denver-based Desert Peak Minerals will combine in an all-stock transaction, the companies announced Jan. 12. The combined company, which will be named Falcon Minerals Corporation ( Falcon Minerals ), will be led by Osprey s management team: Jonathan Cohen, Edward Cohen and Daniel Herz. Falcon Minerals reported sales of $16.16 million during the [] Falcon Minerals collects fees, which provide it with immediate and reliable cash flow that it uses to pay ultra-high-yield dividends. By Jeff Montgomery. The company had revenue of $22.31 million for the quarter, compared to analysts' expectations of $20.50 million. Desert Peak Minerals and Falcon Minerals Corporation (NASDAQ: FLMN) announced today that they have entered into a definitive agreement to combine in an all-stock transaction which values the combined enterprise at $1.9 billion. There's already support for the deal from an institutional investor who owns 40% of Falcon Minerals and is affiliated with Blackstone . To receive more information regarding the investigation of Osprey Energy Acquisition Corp. please fill out the form below. FLMN / Falcon Minerals Corp / Blackstone Holdings III L.P. - SCHEDULE 13D Activist Investment. Analyst Recommendations on FALCON MINERALS CORPORATION: 10:26a: Wells Fargo Adjusts Falcon Minerals' Price Target to $7 from $5, Keeps Equalweight Rati.. MT. Blackstone will have the right to designate a certain number of individuals for nomination by the board to be elected by the Company's stockholders, and a certain number of independent directors will serve on the board, based on the percentage of the voting . Osprey Energy Acquisition Corp. and Blackstone's Royal Resources to Form Falcon Minerals Corporation, an Oil-Weighted Minerals Company. And I know Blackstone Minerals, who is, obviously, much larger, had a significant reduction . The lawsuit, filed Tuesday, targets Falcon's board, its operating subsidiary, and an affiliate of Desert Peak Minerals Inc., the company it's set to . L.P. Blackstone Management Partners, LLC and Riverbend Oil & Gas, L.L.C 12/34/56. The combination is expected to create a premier mineral and royalty company at the . The combined mineral and royalty company will have an enterprise value of $1 . Corporate Profile. Osprey Energy Acquisition Corp. and Blackstone's Royal Resources to Form Falcon Minerals Corporation, an Oil-Weighted Minerals Company. Desert Peak Minerals and Falcon Minerals Corporation (FLMN) to Combine in $1.9 Billion All-Stock Merger. Falcon Minerals Corp (FLMN) latest news, insider trading and hedge fund ownership data provided by Insider Monkey. And the combination is expected to create a premier mineral and royalty company at the front end of operators' cost . Wells Fargo & Company lifted their target price on Falcon Minerals from $5.00 to $7.00 and gave the company an "equal weight" rating in a report on Friday, March 25th. Blackstone will contribute the Royal Resources assets - which represent all of the private equity firm's mineral interests in the Eagle Ford - in exchange for $400 million in cash and 40 million shares of the newly named company, Falcon Minerals Corp. . Management Group . )* Falcon Minerals Corporation (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of . 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. Before joining Blackstone in 2013, Mr. Jenkins evaluated and executed investments at WL Ross & Co. ("Blackstone"). Falcon Minerals Corporation. Preferred Stock. In February, Falcon Minerals Corp stock was trading at $5.52 per share and had a frothy dividend yield of 11.2%. entirety of Blackstone's mineral interests in the Eagle Ford Shale, and the transaction will create a company with a total enterprise value of approximately $894 million. Desert Peak Minerals ("Desert Peak") and Falcon Minerals Corporation (NASDAQ:FLMN,FLMNW) ("Falcon") have entered into a definitive agreement to combine in an all-stock transaction that will see the joint venture valued at $1.9 billion. Moreover, its quarterly dividend has risen 80% year-over-year and 24% quarter-over-quarter to $0.18 per share, for a yield of 7.9%. SHAREHOLDERS' AGREEMENT . Kirkland & Ellis counseled Blackstone in the transaction. Desert Peak Minerals ("Desert Peak") and Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) ("Falcon") have entered into a definitive agreement to combine in an all-stock transaction which values the combined enterprise at $1 . Blackstone, which currently owns 40.6% of the voting power of Falcon, . (Source: " Falcon Minerals Declares Dividend for Fourth Quarter 2021 ," Falcon Minerals Corp . By Laura Testa Latham & Watkins advised Falcon, and White & Case advised the Transaction . from 10-Q 8 pages Performance Stock Unit Agreement Pursuant to the Falcon Minerals Corporation 2018 Long-Term Incentive Plan * * * * * Participant: Grant Date: Target Number of Performance Stock . 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. Blackstone will contribute the Royal Resources assets to Falcon Minerals Operating Partnership in exchange for USD 400m of cash and 40m of common units of Falcon Minerals Operating Partnership. New Warrants. Toggle navigation. Its merger with Falcon Minerals is the latest in a string of transactions it has done to consolidate mineral rights, transactions that have added private equity giants The Blackstone Group and . Since the deal was announced, Falcon's stock price has dropped from a close of $5.45 on January 11, 2022, to a close of $4.98 on January 14, 2022. Finally, according to Falcon's last proxy statement, Blackstone itself separately owns shares constituting 3.5% of . Blackstone, which currently owns 40.6% of the voting power of Falcon, has entered into . Wall Street brokerages expect Falcon Minerals Co. ( NASDAQ:FLMN - Get Rating) to announce $27.00 million in sales for the current fiscal quarter, Zacks reports . Posted by admin on Jun 6th, 2022. Falcon Minerals Corporation . Two analysts have made estimates for Falcon Minerals' earnings, with estimates ranging from $22.00 million to $32.00 million. Falcon Minerals Corporation, formerly Osprey Energy Acquisition Corp. is an oil and gas minerals company. The combined company, which will be named Falcon Minerals Corporation ("Falcon Minerals"), will be led by Osprey's management . Carter founded Black Stone Energy Company, BSMC's operating and exploration subsidiary, in 1980. A number of research analysts have weighed in on the company. And about a quarter of another peer of ours, who is about the same size. Jan. 12, 2022 7:20 am ET. Blackstone also could earn an additional 10 million common units if Falcon's common stock trades above $12.50/share for 30 days on a volume-weighted average basis, and another 10 million common . The Company owns mineral, royalty, and over-riding royalty interests covering over 251,000 gross unit acres in the Eagle Ford and Austin Chalk in . Law360 (March 16, 2022, 3:35 PM EDT) -- Stockholders of Blackstone-controlled Falcon Minerals Corp. have challenged plans for the company's $1.9 billion all-stock merger with . ("Blackstone"). Falcon is an Up-C-Corporation formed to own and acquire high-quality, oil-weighted mineral rights. Since the deal was announced, Falcon's stock price has dropped from a close of $5.45 on January 11, 2022, to a close of $4.98 on January 14, 2022. Falcon Minerals Corp. investors filed suit in Delaware, seeking to block any shareholder vote on its planned $1.9 billion merger with another Blackstone Group LP affiliate over disclosures that allegedly hid key details about the transaction.. Falcon Minerals will hold more than 250,000 net acres of oil and gas mineral and royalty interests in South Texas. There's already support for the deal from an institutional investor who owns 40% of Falcon Minerals and is affiliated with Blackstone . The $800 million cash-and-stock transaction created what Falcon claimed was the first public minerals company with Eagle Ford assets. He currently serves on the boards of Falcon Minerals Corp. and Siccar Point Energy. Falcon Minerals acquired the Eagle Ford Shale position in June 2018 from Blackstone Mineral Partners, L.L.C., a wholly-owned subsidiary of Blackstone Energy. . February 21, 2022. Blackstone will retain a significant ownership stake in Falcon Minerals at closing representing approximately 47% of outstanding common stock. ("Osprey Sponsor"), Royal, Royal GP and Blackstone Management Partners, L.L.C. He began his career at Lazard Ltd. Mr. Jenkins received a BA, summa cum laude in Philosophy from Yale College, and a JD, magna cum laude from Harvard Law School . HOME. About Wohl & Fruchter Over the last three months, FLMN stock has advanced 30% in price. Rhett A. HOME. Falcon reported that all of the various proposals giving effect to the previously . Falcon Minerals Corporation is a C-Corporation formed to own and acquire high growth oil-weighted minerals rights. 25, 2022-- Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," or "the Company") today declared the distribution attributable to the first quarter of 2022. The transaction will mark the next chapter . Since the deal was announced, Falcon's stock price has dropped from a close of $5.45 on January 11, 2022, to a close of $4.98 on January 14, 2022. By roughly 1 p.m. today, the stock had regained some of the . To finance the transaction, Osprey has entered into agreements to sell in a private placement approximately 11.5m shares of its class A common stock at . Desert Peak Minerals and Falcon Minerals Corporation to Combine in $1.9 Billion All-Stock Merger, Creating a Premier, Shareholder Returns-Driven Mineral and Royalty Consolidation Company . Vinson & Elkins represented Desert Peak and Kimmeridge. We are investigating whether the directors of Falcon Minerals (Nasdaq: FLMN) ("Falcon") acted in the best interests of FLMN shareholders in approving a merger with privately-held Desert Peak Minerals ("Desert Peak"). Text. The transaction with Desert Peak will mark the next chapter for Falcon Minerals, which formed in 2018 through an $800 million combination with Blackstone's royalty business. The combination is expected to create a premier mineral and royalty company at the . degrees from the University of Texas . DENVER, June 07, 2022--Desert Peak Minerals ("Desert Peak") and Falcon Minerals Corporation ("Falcon") today announced the successful completion of their merger, creating Sitio Royalties Corp . The lawsuit, filed Tuesday, targets Falcon's board, its operating subsidiary, and an affiliate of Desert Peak Minerals Inc., the company it's set to . Toggle menubar; Trading Ideas . Continental Stock Transfer & Trust Company acted as transfer agent to Falcon Minerals Corporation. The acquired Royal assets will create a company with a total enterprise value of approximately $894 million. Toggle Search. Desert Peak Minerals' $1.9 Billion Merger With Falcon Minerals Corporation. The deal is expected to close in the second quarter of 2022. On February 17, the trust announced that its board declared a dividend of $0.145 per share, for a yield of 11.2%. Kimmeridge Energy Management-owned Desert Peak Minerals Inc. plans to combine with Blackstone Inc. -backed Falcon Minerals Corp. to form a nearly $2 billion . Get the latest Black Stone Minerals LP (BSM) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Falcon Minerals Corporation (Exact Name of Registrant as Specified in Charter) Delaware 001-38158 82-0820780 (State or Other Jurisdiction . Who owns FALCON MINERALS? The Company owns mineral rights positions in the core-of-the-core of the Eagle Ford Shale. Schedule 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. Royal Resources LP is the largest individual FALCON MINERALS shareholder, owning 55.20M shares representing 63.81% of the company. Print. Falcon owns mineral, royalty, and over-riding royalty interests covering over 21,000 NRAs in the . EX-10.4 About Wohl & Fruchter Falcon Minerals Corp. agreed on Jan. 12 to an all-stock merger with Desert Peak Minerals, the largest independent Permian Basin pure-play mineral and royalty company, set to create a mineral and royalty company with a significant Permian and Eagle Ford footprint and an enterprise value of $1.9 billion. The company's average payout . Falcon owns mineral, royalty and over-riding royalty interests covering over 256,000 gross unit acres in the core of the Eagle Ford Shale in south Texas, as well as mineral interests in . Falcon Minerals is an oil & gas minerals company which owns mineral rights positions in the "core-of-the-core" of the Eagle Ford Shale in south Texas. Our Aproach Falcon Minerals acquired the Eagle Ford Shale position in June 2018 from Blackstone Mineral Partners, L.L.C., a wholly-owned subsidiary of Blackstone Energy The Eagle [] Mr. Carter received M.B.A. and B.B.A. Press Release dated June 3, 2018. . About Wohl & Fruchter The acquired Royal assets represent the entirety of Blackstone's mineral interests in the Eagle Ford Shale, and the transaction will create a company with a total enterprise value of approximately $894 million. Investor Relations Corporate Profile Falcon Minerals is an oil & gas minerals company which owns mineral rights positions in the "core-of-the-core" of the Eagle Ford Shale in south Texas. From 1978 to 1980, Mr. Carter served as a lending officer in the Energy Department of Texas Commerce Bank in Houston, Texas, after serving in various other roles from 1975. Falcon Minerals (Nasdaq: FLMN) is a C-corporation formed to manage and acquire high growth oil-weighted mineral rights in premier U.S. basins. L.p. Group Blackstone, Large Shareholder, 2018-09-04; L.l.c. The Company also owns approximately 80,000 gross unit acres . DENVER, June 07, 2022--Desert Peak Minerals ("Desert Peak") and Falcon Minerals Corporation ("Falcon") today announced the successful completion of their merger, creating Sitio Royalties Corp . The deal would result in a combined entity called Falcon Minerals Corp., which would have an asset footprint in the Eagle Ford and Austin Chalk shale plays of 251,000 gross unit mineral acres. Blackstone announced the formation of Blackstone Life Sciences Yield ("BXLS Yield"), Blackstone's inaugural royalty and structured credit-focused life sciences fund. HOUSTON--(BUSINESS WIRE)--Jun. . Under the Shareholders' Agreement, the parties thereto agreed to use . Kirkland and Ellis advised Blackstone in the transaction. FALCON MINERALS (NASDAQ: FLMN) is owned by 28.50% institutional shareholders, 159.59% FALCON MINERALS insiders, and 0.00% retail investors. This Shareholders' Agreement (this "Agreement") is entered into as of August 23, 2018 by and among Falcon Minerals Corporation, a Delaware corporation formerly named Osprey Energy Acquisition Corp. (the "Company"), Osprey Sponsor, LLC, a Delaware limited liability company ("Osprey Sponsor"), Edward Cohen, Jonathan Z. Cohen, Daniel C. Herz, Jeffrey F . gives value. The acquired Royal assets will create a company with a total enterprise value of approximately $894 million. Of the 112 institutional investors that purchased Falcon Minerals stock in the last 24 months, the following investors and hedge funds have bought the highest volume of shares: Blackstone Group Inc. ($35.20M), Goldman Sachs Group Inc. ($2.20M), Nantahala Capital Management LLC ($1.36M), Renaissance Technologies LLC ($1.15M), JPMorgan Chase & Co. ($1.06M), Marshall Wace LLP ($0.92M), and .