Earthstone Announces Closing Of Bighorn Acquisition And Closing Of Debt And Equity Financings
04/14/22, 8:24 PM
Industry
natural resources
energy
manufacturing
Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "our" or "we"), today announced the closing of the acquisition of assets of privately held Bighorn Permian Resources, LLC ("Bighorn") in the Midland Basin (the "Bighorn Acquisition"). The Company also announced the closing of a $550 million private offering of senior unsecured notes (the "Notes Offering"); a $280 million private placement of equity (the "PIPE"); and an amendment to the Company's revolving credit facility (the "Credit Facility").
Company Info
Company info
Earthstone Energy, Inc. is a growth-oriented, independent energy company engaged in acquisitions and the development and operation of oil and natural gas properties. Its primary assets are located in the Permian Basin of west Texas and New Mexico. Earthstone is listed on the New York Stock Exchange under the symbol "ESTE." For more information, visit Earthstone's website at www.earthstoneenergy.com.