Earthstone Energy – Oil & Gas 360

Permian Resources to acquire Earthstone Energy in all-stock transaction, creating a $14 billion premier Delaware Basin independent E&P

August 21, 2023

Oil and Gas 360 Publisher’s Note: EnerCom Denver 2023 presenter Earthstone Energy being acquired by Permian Resources. MIDLAND, Texas and THE WOODLANDS, Texas, Aug. 21, 2023 (GLOBE NEWSWIRE) — 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

Exclusive: Earthstone Energy at the 2023 EnerCom Denver-The Energy Investment Conference

August 21, 2023

Earthstone Energy, Inc. is a growth-oriented, independent energy company engaged in the acquisition, development and operation of oil and natural gas properties. The Company’s primary assets are located in the Midland Basin in West Texas and the Delaware Basin in New Mexico. earthstoneenergy.com About EnerCom, Inc. Founded in 1994, EnerCom, Inc. is an internationally recognized management consultancy advising companies on

Earthstone Energy announces $1.0 billion Delaware Basin acquisition

June 15, 2023

Oil and Gas 360 Highly Accretive Transaction in Delaware Basin Meaningfully Increases Scale THE WOODLANDS, Texas, June 15, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our”, or “we”) today announced that it has entered into an agreement (the “Agreement”) to acquire Novo Oil & Gas Holdings, LLC (“Novo”), a privately-held Delaware Basin focused E&P company

Earthstone Energy, Inc. announces increased elected commitments under its credit facility

April 4, 2023

Oil and Gas 360 THE WOODLANDS, Texas, April 03, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) announced today that it has entered into an amendment to the Company’s senior secured revolving credit facility (the “Credit Facility”), increasing the elected commitments from $1.2 billion to $1.4 billion. Additionally, the $250 million term loan tranche under

Earthstone announces share repurchase

October 11, 2022

Oil and Gas 360 THE WOODLANDS, Texas, Oct. 11, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), announced today that it has purchased 3,000,000 shares of Earthstone’s Class A Common Stock for a total purchase price of approximately $44 million (the “Share Repurchase”) from certain affiliates of Warburg Pincus, LLC (“Warburg Pincus”). Separately and concurrently with

Exclusive: Earthstone Energy at EnerCom Denver-The Energy Investment Conference

August 31, 2022

Earthstone Energy, Inc. is a growth-oriented independent energy company engaged in developing and operating oil and gas properties. The Company’s primary assets are located in the Midland Basin of west Texas and the Eagle Ford trend of south Texas. Earthstone is traded on NYSE under the symbol “ESTE.” About EnerCom, Inc. Founded in 1994, EnerCom, Inc. is an internationally recognized

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

June 28, 2022

Oil and Gas 360 Publisher’s Note: Earthstone Energy, Inc. will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022 in Denver. Register to attend. THE WOODLANDS, Texas, June 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire the New Mexico assets of

Earthstone Energy announces Midland Basin asset acquisition for ~$860 Million

January 31, 2022

Earthstone Energy THE WOODLANDS, Texas, Jan. 31, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire the assets of privately held Bighorn Permian Resources, LLC (“Bighorn”) located in the Midland Basin (the “Bighorn Acquisition”). The aggregate purchase price of the Bighorn Acquisition is approximately $860

Earthstone Energy, Inc. reports 2021 first quarter financial results

May 5, 2021

Generates $31.8 Million of Free Cash Flow Earthstone Energy, Inc. (NYSE: ES…

Earthstone provides update, 2021 guidance and announces proved reserves

February 3, 2021

Eathstone Energy Record Annual Production Beats Top End of 2020 Full Year Guidance by 6%; Planned Resumption of Drilling Program THE WOODLANDS, Texas–(BUSINESS WIRE)– Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), today provided an operations update, released 2021 guidance and announced its year-end 2020 estimated proved reserves. The Company has estimated its oil and gas

Banks rush to rein in financing for oil firms

April 26, 2020

Energy World NEW YORK: The twice-a-year evaluation of energy borrowers’ reserve-based loans has taken on more significance than ever as banks seek to cut their exposure to oil and gas companies amid the global Covid-19 pandemic that has caused demand for oil to plummet and a price war between Russia and Saudi Arabia that has flooded the market with crude. Lenders are grappling with

Earthstone Energy Makes $950 Million Acquisition of EnCap Portfolio Company

October 17, 2018

Earthstone Energy (ticker: ESTE) has entered into an agreement with Sabalo Holdings, LLC in which Earthstone will acquire all of Sabalo Holdings’ interests in Sabalo Energy, LLC and Sabalo Energy, Inc., whose assets include both producing and non-producing oil and gas assets in the northern Midland Basin. Sabalo is a privately-held oil and gas company based in Corpus Christi, Texas

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