HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million

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

Acquired the Howard County, TX, assets of Hannathon Petroleum LLC and other nonoperated working interest owners in the Permian Midland Basin largely contiguous to HighPeak’s existing Signal Peak position; consideration comprised of $237 MM in cash and 3.5 MM shares of HighPeak common stock. (Editor’s note: cash and equity consideration were reduced prior to closing.)