Earthstone Energy Tacks on Another Multimillion-Dollar Permian Basin Deal
Transaction Type
Buyers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$126.5MM
Description
Acquired privately held operated assets located in the Midland Basin comprising about 20,300 net acres (100% HBP, 100% operated) in Irion County, TX, 7,800 boe/d (21% oil / 59% liquids) current net production from 71 wells (30 horizontal / 41 vertical), an inventory of 49 Earthstone-identified horizontal Wolfcamp locations and a $153 MM PDP PV-10 with reserves of approximately 19.8 MMboe.