Earthstone Energy

Ring to Shore Up Permian Production, Reserves, with $465M Stronghold Acquisition

Ring to Shore Up Permian Production, Reserves, with $465M Stronghold Acquisition

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…

July 6, 2022
Earthstone Acquiring Chisholm Permian Delaware Assets in $604M Deal

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