Earthstone Energy - M&A Summary, Ownership, and Business Overview

Oil/gas ExplorationCompany

Earthstone Energy M&A Summary

Earthstone Energy has acquired 8 companies of its own, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms.

Earthstone Energy’s largest acquisition to date was in 2022, when it acquired Bighorn Permian Resources - Midland Basin Asset for $860M. Earthstone Energy has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

Earthstone Energy Ownership

Who owns Earthstone Energy?

Earthstone Energy is owned by Permian Resources. It was acquired on November 1, 2023.

Was Earthstone Energy formerly PE-backed?

Yes. Earthstone Energy was formerly owned by 2 private investors.

Earthstone Energy Business Overview

Where is Earthstone Energy headquartered?

Earthstone Energy is headquartered in The Woodlands, Texas.

What is Earthstone Energy’s revenue?

Earthstone Energy disclosed revenue of 420M USD for 2021 and 145M USD for 2020.

How many employees does Earthstone Energy have?

Earthstone Energy has 81 employees.

What sector is Earthstone Energy in?

Earthstone Energy is an oil/gas exploration company.

When was Earthstone Energy founded?

Earthstone Energy was founded in 1969.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 5

Earthstone Energy

Earthstone Energy, Inc.

1400 Woodloch Forest Drive, Suite 300,
The Woodlands, Texas 77380
United States,
(281) 298-4246
www.earthstoneenergy.com

Earthstone Energy is a growth-oriented independent oil and gas exploration and production company engaged in developing and acquiring oil and gas reserves through an active and diversified program that includes acquiring, drilling and developing undeveloped leases, asset and corporate acquisitions and exploration activities, with its primary assets located in the Eagle Ford trend of south Texas, the Midland Basin of west Texas, and the Williston Basin of North Dakota. Earthstone Energy was founded in 1969 and is based in The Woodlands, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 2 - 2 2 1 - 7
vol $182M $1.5B $1.7B
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
Novo Oil & Gas - Northern Delaware Basin Permian Assets 2023-06-15 - Stake Purchase
Eddy County, Texas
Titus Oil & Gas LLC - Northern Delaware Basin Asset 2022-06-28 627M USD Divestiture
, Delaware
Bighorn Permian Resources LLC - Midland Basin Asset 2022-01-31 860M USD Divestiture
, Texas
Chisholm Energy Holdings LLC 2021-12-15 - Add-on Acquisition
Fort Worth, Texas · www.chisholmenergy.com
Independence Resources Management LLC 2021-01-07 182M USD Add-on Acquisition
Houston, Texas · www.independenceresources.com
Bold Energy III LLC 2016-11-08 - Add-on Acquisition
Midland, Texas · www.boldenergy.com
Lynden Energy Corp. 2015-12-17 - Add-on Acquisition
Vancouver, British Columbia · www.lyndenenergy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 7 (100%) 1.7B (100%) - -
Total 7 $1.7B - -

By Geo

State/Country Buy Value Sell Value
United States 6 1.7B - -
  Texas 5 1.0B - -
  Delaware 1 627M - -
Canada 1 - - -
  British Columbia 1 - - -
Domestic 6 (86%) 1.7B (100%) - -
Cross-border 1 (14%) - - -
Total 7 $1.7B - -

Top M&A Advisors

Financial Deals
Truist Securities
1
Legal Deals
Jones & Keller
3
Haynes and Boone LLP
2
Kirkland & Ellis
1

Deal Values

buy # Total
$100M to $1B 3 $1.7B
TOTAL $1.7B
Largest Bighorn Permian Resources LLC - Midland Basin Asset
$860M (2022-01-31)

M&A Connections

Deals
Acquired from
Investor(s)
43%
3 (43%)
Strategic(s)
43%
3 (43%)

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