Permian Resources Corp. and Earthstone Energy, Inc. on Monday agreed to combine in a $4.5 billion transaction to create a Delaware sub-basin exploration and production (E&P) independent with 400,000-plus net acres and pro forma natural gas and oil output of 300,000 boe/d. Permian Resources was formed last year in a $7 billion merger between Centennial…
Tag / Earthstone
SubscribeEarthstone
Articles from Earthstone
Earthstone to Run One Rig in 2019, Eyes Free Cash Flow Neutrality in 2020
Earthstone Energy Inc., a Texas-based independent focused on the Permian Basin’s Midland sub-basin and the Eagle Ford Shale, said it plans to run a one-rig operated drilling program in 2019, as it looks achieve free cash flow neutrality in 2020.
January 17, 2019
Earthstone Paying $950M for Sabalo’s Permian Midland Assets
Texas-based independent Earthstone Energy Inc. is gobbling up all of the oil and natural gas assets held in the Permian Basin by privately held Sabalo Holdings LLC, including 20,800 net acres in the Midland sub-basin of West Texas, in a cash-and-stock deal estimated at $950 million.
October 18, 2018
Bakken, Eagle Ford Player Earthstone Adds Permian in All-Stock Deal
Earthstone Energy Inc. of The Woodlands, TX, has agreed to acquire Lynden Energy Corp. in an all-stock deal, giving it entry into the Permian Basin. The combined company will also be focused on the Eagle Ford and Bakken shales.
December 17, 2015
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
