M&A Deal Summary |
|
|---|---|
| Date | 2022-01-31 |
| Target | Bighorn Permian Resources - Midland Basin Asset |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Earthstone Energy |
| Sellers(s) | Bighorn Permian Resources |
| Deal Type | Divestiture |
| Deal Value | 860M USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Oil/Gas Exploration |
| Employees | 81 |
| Revenue | 420M USD (2021) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Oil/Gas Exploration) | 5 of 7 |
| Type (Divestiture) | 1 of 2 |
| State (Texas) | 4 of 5 |
| Country (United States) | 4 of 6 |
| Year (2022) | 1 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-15 |
Chisholm Energy Holdings
Fort Worth, Texas, United States Chisholm Energy Holdings is a start-up oil and gas production company. The Company is focused on pursuing unconventional resource opportunities in the northern Delaware Basin. Chisholm is led by a seasoned team of oil and gas executives in partnership with Warburg Pincus, a global private equity firm with a 25-year track record of building businesses and creating value in the energy sector. Chisholm Energy Holdings was founded in 2016 and is based in Fort Worth, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-28 |
Titus Oil & Gas - Northern Delaware Basin Asset
Delaware, United States Titus Oil & Gas' Northern Delaware Basin Asset specializes in the excavation and development of oil and gas properties using GIS (geographic information system) mapping and data analytics in the Northern Delaware Basin. |
Buy | $627M |
Bighorn Permian Resources is involved in the production of ~42,400 Boepd (25% oil, 57% liquids) on average daily. The company has a high margin production base with upside potential from operating synergies and reducing lease operating expenses. Bighorn Permian Resources comprises approximately 110,600 net acres (98% operated, 93% WI, 99% HBP) in the Midland Basin, primarily in Reagan and Irion counties. It has 49 gross/35 net Earthstone identified drilling locations on conservative spacing and economic assumptions. Bighorn Permian Resources is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
