Earthstone Boosts Midland Footprint With $950 Million Sabalo Acquisition

Transaction Type
Permian Basin; Midland Basin
Announce Date
Post Date
Estimated Price

To acquire Northern Midland Basin private operator with a 20,800 net acre position in Howard County, TX, and 11,200 boe/d (83% oil) of associated production. (Expected to close January 2019)

Editor's note: Companies agreed to terminate deal per company announcement on Dec. 22, 2018.