Permian Resources to Acquire Earthstone Energy in All-Stock Transaction, Creating a $14 Billion Premier Delaware Basin Independent E&P

Texas–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 which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt.

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Texas Top Midstream Companies

An oil and gas midstream company in Texas operates in the energy sector and focuses on the transportation, storage, and wholesale marketing of crude oil, natural gas, and other related products. The midstream sector plays a crucial role in the overall energy supply chain, bridging the gap between the upstream…

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