On November 1, 2023, Permian Resources closed the acquisition of Earthstone Energy, creating the second largest Permian Basin pure-play E&P company. The Earthstone assets consisted of significant core inventory, largely offset to Permian Resources’ existing acreage in Lea and Eddy Counties. This transaction reinforces Permian Resources’ position as a premier Delaware Basin independent E&P, which is uniquely situated to drive profitable growth and development in the world-class Permian Basin.
MIDLAND, Texas - Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE: PR) today announced that it has completed its acquisition of Earthstone Energy, Inc. ("Earthstone") (NYSE: ESTE). The transaction was previously approved by Permian Resources...
Permian Resources to Acquire Earthstone Energy in All-Stock Transaction, Creating a $14 Billion Premier Delaware Basin Independent E&P
MIDLAND & THE WOODLANDS, Texas - Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE: PR) and Earthstone Energy, Inc. ("Earthstone Energy" or "Earthstone") (NYSE: ESTE) today announced that they have entered into a definitive agreement under...