Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
A little more than two months after Permian Resources Corp. announced its merger with Earthstone Energy Inc. for $4.5 billion in an all-stock transaction, Earthstone declared a special cash dividend of $0.14 per share of Class A and Class B common stock.
The dividend is conditional upon the closing of the transaction, expected Nov. 1, and is in accordance with the merger agreement.
The dividend from The Woodlands-based E&P is payable Nov. 6 to shareholders of record as of Oct. 31.
Additionally, the company stated that Permian Resources, Earthstone, their respective directors and executive officers may be deemed participants in the proxy solicitation in respect of the transaction.
2024-01-08 - The investment brings the total amount raised by Vortexa since its inception to more than $60 million.
2024-01-25 - The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.