Earthstone Energy Continues Transformation with Bighorn Acquisition
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$860.0MM
Description
Acquired privately held Bighorn, which has approximately 110,600 net acres (98% operated, 93% working interest, 99% HBP) in the Midland Basin, primarily in Reagan and Irion counties, TX, and average production of 42,400 boe/d (25% oil, 57% liquids).