Earthstone Energy Inc (ESTE.N) said on Thursday it would buy Novo Oil & Gas Holdings for $1.5 billion in a bid to boost its presence in the Delaware Basin.
Earthstone Energy to buy Delaware Basin-focused Novo Oil & Gas for $1.5 billion
Earthstone invested $360 million in Texas acquisitions in 2021
So far in 2021, Earthstone has completed two acquisitions in the Permian Basin and announced another in the Eagle Ford Shale.
