Earthstone Energy Inc.
About
Earthstone Energy Inc. is a growth-oriented, independent energy company engaged in development and operation of oil and natural gas properties. The company’s primary assets are in the Midland Basin of West Texas and the Eagle Ford Trend of South Texas. Earthstone is traded on NYSE under the symbol “ESTE.”
Editor's note: Updated Aug. 19, 2019.
Transactions
Permian Resources Closes $4.5B Earthstone Energy Acquisition
Permian Resources Closes $4.5B Earthstone Energy Acquisition
Earthstone, NOG Close $1.5B Acquisition of Novo Assets
Earthstone, NOG Close $1.5B Acquisition of Novo Assets
Marketed: Earthstone Energy Operated Eastern Midland Basin Opportunity
Marketed: Earthstone Energy Operated Eastern Midland Basin Opportunity
Earthstone Launches Another Deal to Add Titus’ Delaware into the Fold
Earthstone Launches Another Deal to Add Titus’ Delaware into the Fold
Earthstone Launches Another Deal to Add Titus’ Delaware into the Fold
Earthstone Launches Another Deal to Add Titus’ Delaware into the Fold
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New Financings
Entered into an amendment to the company’s senior secured revolving credit facility, extending the…
Subsidiary Earthstone Energy Holdings LLC (EEH) priced the announced private offering 8% senior unsecured…
Concurrent with the signing of the Bighorn acquisition agreement on Jan. 31, entered into an agreement to…
Earthstone Energy Inc. entered into a new credit agreement with respect to its senior secured…
Earthstone expects to acquire 20,800 net acres located in the Midland Basin and an estimated 488 gross…
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News
Espada E&P Startup Nabs Carnelian Backing for Onshore M&A Run
Espada Energy Partners, backed by Carnelian funds, joins a new wave of startup E&Ps hunting for M&A opportunities.
Formentera Drilling Two More Pearsall Wildcats After Initial Success
In their first 2.5 months online, Formentera Partners’ initial two tests are averaging more than 1,000 boe/d, according to Texas Railroad Commission data.
North Hudson Fuels Non-Op Strategy with TXO Deal, $344MM PE Raise
Houston-based private equity firm North Hudson eyes non-op deals with new fund as portfolio company LOGOS Resources ramps up San Juan gas drilling.
Permian Resources Buys Apache's Northern Delaware Assets for $608MM
Permian Resources is expanding its New Mexico footprint with an acquisition of Permian Basin assets from APA Corp. for $608 million.
Second Pearsall Wildcat in Frio County IPs 1,300 bbl/d
Formentera Partners’ second Pearsall well joins Indio Tanks-Pearsall Field’s first modern frac job Hurrikain Cat I-STX, which IP’ed 1,499 bbl earlier this year.
E&Ps IP’ing 76%-Plus Oil from New Irion County Wells in Midland Basin
Drillers in Irion County are stepping up the pace this year, D&C’ing already as many wells as were brought online in all of 2024. The county has a “bad reputation” for being gassy but is showing up with 76%-plus oil wells.
CEOs: Sub-$60 WTI ‘a Mess’ but Tariffs ‘Had to Happen’
Some E&P leaders told Hart Energy the newly low oil prices aren’t good for business, while others said they will be fine in the long run.
Exclusive: ‘Later Innings’ for Energy M&A: Consolidator View Slows Deals
John Fossum, managing director at Petrie Partners, delves into the slowing pace of mergers amid companies vying for consolidator status and approaches companies are taking to generate cash, in this Hart Energy Exclusive interview.
Non-op Rising: NOG’s O’Grady, Dirlam See Momentum in Co-purchase M&A
Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.
Private Producers Find Dry Powder to Reload
An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.
NOG’s Banner 2Q: Biggest M&A Deals, New Basins, Record Production
Non-operated specialist Northern Oil & Gas (NOG) had a banner second quarter, inking its largest acquisition ever in Utah and hitting record quarterly production.
Beyond Permian? Breaking Down E&Ps’ Second Half M&A Prospects
From Permian Resources and Diamondback Energy to Matador Resources and Civitas Resources, analysts weigh in on upstream companies’ M&A mindset as second-quarter earnings season gets underway.
Permian Resources Completes Liquidation of Canada’s Lynden Energy
Permian Resources said the liquidation of Lynden Energy, a subsidiary of Earthstone Energy, will simplify its corporate structure and reduce go-forward tax obligations at the time of the Earthstone acquisition.
Earthstone’s Anderson Relaunches, Seeks Conventional
The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.