Ring Energy Inc. has entered a deal to acquire the Permian Basin assets of privately held Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP in a transaction valued at $465 million. Comprising about 37,000 net acres, the Stronghold assets are mainly located in Crane County, TX, and target the Permian’s Central Basin…
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Earthstone Acquiring Chisholm Permian Delaware Assets in $604M Deal
Publicly traded Earthstone Energy Inc. said Thursday it has entered a deal to acquire the assets of privately held Chisholm Energy Holdings LLC in the New Mexico portion of the Permian Basin in a $604 million cash-and-stock deal. Net production from the assets in the northern Delaware sub-basin stands at 13,500 boe/d, with oil and…
December 21, 2021