M&A Deal Summary

Permian Resources Acquires Earthstone Energy

On November 1, 2023, Permian Resources acquired oil/gas exploration company Earthstone Energy for 4.5B USD

Acquisition Highlights

This is Permian Resources’ 1st transaction in the Oil/Gas Exploration sector.
This is Permian Resources’ largest (disclosed) transaction.
This is Permian Resources’ 1st transaction in the United States.
This is Permian Resources’ 1st transaction in Texas.

M&A Deal Summary
Date	2023-11-01
Target	Earthstone Energy
Sector	Oil/Gas Exploration
Buyer(s)	Permian Resources
Deal Type	Going Private
Deal Value	4.5B USD

Target

Earthstone Energy

The Woodlands, Texas, United States

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.

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