HighPeak Energy Inc.
About
HighPeak Energy is an independent oil and natural gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves. HighPeak Energy’s assets, after giving effect to the potential business combination, will be primarily located in Howard County, Texas, which lies within the northeastern part of the oil-rich Midland Basin. HighPeak Energy is led by its chairman, CEO and president, Jack Hightower, an industry veteran with over 48 years of experience in the oil and natural gas industry, primarily in the Permian Basin managing multiple E&P platforms and generating strong returns despite industry cycles by consistently applying a disciplined, risk-adjusted approach designed to balance capital preservation with value creation. HighPeak Energy’s objective is to maximize returns by generating rapid production growth initially followed by steady production growth with strong margins and cash flow. HighPeak Energy also intends to generate attractive full-cycle returns on capital employed.
Editor's note: Updated Dec. 11, 2019.
Headquarters Address
421 W. 3rd Street, Suite 1000
Fort Worth, TX 76102
United States
Website
www.highpeakenergy.comMain Phone Number
Transactions
HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million
HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million
HighPeak Energy to Buy Offsetting Permian Basin Acreage with Infill Drilling Inventory
HighPeak Energy to Buy Offsetting Permian Basin Acreage with Infill Drilling Inventory
HighPeak Energy Plans New Merger Following Scuttled Grenadier Deal
HighPeak Energy Plans New Merger Following Scuttled Grenadier Deal
Three-Way Midland Basin Combination Creates $1.5 Billion E&P
Three-Way Midland Basin Combination Creates $1.5 Billion E&P
Three-Way Midland Basin Combination Creates $1.5 Billion E&P
Three-Way Midland Basin Combination Creates $1.5 Billion E&P
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New Financings
Priced a private placement of 10% senior unsecured notes due 2024. Proceeds will be used to fund its 2022…
Priced an underwritten public offering of 2.2 million shares of common stock at a price to the public of…
Commenced an underwritten public offering of 5 million shares of its common stock, par value $0.0001 per…
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News
For Sale, Again: Oily Northern Midland’s HighPeak Energy
The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
HighPeak Energy Authorizes First Share Buyback Since Founding
Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
SEC Targets SPACs with New, Enhanced Disclosure Rules
SPAC IPOs and de-SPAC combinations became a popular means for private companies to access the public markets during the pandemic. Regulators aim to make the SPAC process closer to a traditional IPO.
Fury Road: Will $450MM Battalion M&A Fuel More Go-private Deals?
Delaware Basin E&P Battalion Oil is being acquired in a go-private transaction by a newly formed E&P Fury Resources. Could go-private sales become more common for small E&Ps with limited runway in the public markets?
HighPeak Announces Quarterly Cash Dividend
HighPeak Energy’s quarterly dividend will be payable on Nov. 22 to stockholders on record by Nov. 1.
HighPeak Energy Refinances $1.2 Billion Debt
HighPeak refined the debt after the company in January said it would explore “certain strategic alternatives to maximize shareholder value” up to and including a sale.
HighPeak Energy Board Declares $0.025 Dividend
HighPeak Energy’s quarterly dividend will be payable on Aug. 25 to shareholders of record as of Aug. 8.
HighPeak Closes Underwritten Public Offering of Common Stock
HighPeak Energy’s proceeds from the closing of the underwritten public offering will be used towards working capital and to enhance near-term liquidity.
HighPeak Plans $135.5MM Stock Offering to Stave Off Liquidity Crunch
HighPeak Energy aims to raise over $135 million in equity as the Midland Basin E&P works to shore up its near-term liquidity.
HighPeak Energy Offers $575 Million in Senior Notes
Midland Basin E&P HighPeak Energy intends to use the senior note proceeds to retire debt due in 2024 and amend its borrowing base.
HighPeak Declares Quarterly Cash Dividend
Midland Basin E&P HighPeak Energy Inc. announced its board of directors declared a quarterly dividend of $0.025 per share of common stock outstanding in an April 10 press release.
A&D Minute: Did HighPeak Announce the Next Deal of the Year? [WATCH]
Also in this week's A&D Minute: Matador Resources' Delaware Basin acquisition was the largest of the year so far at $1.6 billion, plus see how small- and mid-sized companies are sizing up against large E&Ps.
Midland Basin E&P HighPeak Energy Exploring Possible Sale
HighPeak Energy CEO Jack Hightower said the company, with a $3 billion market cap, is undervalued given its large inventory and free cash flow profile.
HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million
The Hannathon acquisition adds roughly 18,600 net acres largely contiguous to the company’s existing Signal Peak position in the Permian Basin where Chairman and CEO Jack Hightower said HighPeak began its strategic expansion last August.
DUG Permian: The Oiliest Midland Rock with HighPeak Energy CEO Jack Hightower
It's oilier farther north in the Midland Basin and this Permian leader of more than 40 years knows just where to look.