HOUSTON—A terminated merger in the Permian Basin late last year hasn’t deterred oil and gas industry veteran Frank A. Lodzinski from deal-making.

Far from it, actually. The CEO of Earthstone Energy Inc. was up-front about his intentions at the Leaders in Industry Luncheon held at the Petroleum Club of Houston on Aug. 14: Earthstone is actively looking for deals ranging from acquisitions and trades to business combinations.

“I’m going to blatantly conduct a commercial here and tell you all that we’re looking for deals and that we’re open for business,” Lodzinski told attendees of the luncheon hosted monthly by the Independent Petroleum Association of American and Texas Independent Producers & Royalty Owners Association.

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Onshore