1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. Delaware >
  6. Earthstone Energy Acquires Titus Oil & Gas - Northern Delaware Basin Asset

M&A Deal Summary

Earthstone Energy Acquires Titus Oil & Gas - Northern Delaware Basin Asset

On June 28, 2022, Earthstone Energy acquired oil/gas exploration company Titus Oil & Gas - Northern Delaware Basin Asset from Titus Oil & Gas for 627M USD

Acquisition Highlights
  • This is Earthstone Energy’s 6th transaction in the Oil/Gas Exploration sector.
  • This is Earthstone Energy’s 2nd largest (disclosed) transaction.
  • This is Earthstone Energy’s 5th transaction in the United States.
  • This is Earthstone Energy’s 1st transaction in Delaware.

M&A Deal Summary
Date 2022-06-28
Target Titus Oil & Gas - Northern Delaware Basin Asset
Sector Oil/Gas Exploration
Buyer(s) Earthstone Energy
Sellers(s) Titus Oil & Gas
Deal Type Divestiture
Deal Value 627M USD

Target

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.

Search 206,096 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Earthstone Energy

The Woodlands, Texas, United States
Category Company
Founded 1969
Sector Oil/Gas Exploration
Employees81
Revenue 420M USD (2021)
DESCRIPTION

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 6 of 7
Sector: Oil/Gas Exploration M&A 6 of 7
Type: Divestiture M&A Deals 2 of 2
State: Delaware M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2022 M&A 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Bighorn Permian Resources - Midland Basin Asset

Texas, United States

Bighorn Permian Resources LLC - Midland Basin Asset is involved in the production of Boepd (25% oil, 57% liquids) with approximately 110,600 net acres (98% operated, 93% WI, 99% HBP) in the Midland Basin, primarily in Reagan and Irion counties.

Buy $860M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Novo Oil & Gas - Northern Delaware Basin Permian Assets

Eddy County, Texas, United States

Novo Oil & Gas' Northern Delaware Basin Permian Assets include approximately 5,600 net acres, 29.2 net producing wells, 7.2 net wells-in-process and 59.9 low-breakeven net undeveloped locations. Novo Oil & Gas' Northern Delaware Basin Permian Assets are based in Eddy County, Texas.

Buy -

Seller(S) 1

SELLER

Titus Oil & Gas

Fort Worth, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Titus Oil & Gas is an upstream oil and gas company focused acquiring and devloping assets within the Permian Basin. Titus Oil & Gas is based in Fort Worth, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Delaware M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal