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US: Earthstone Energy announces $1.0 billion Delaware Basin acquisition

Earthstone Energy has entered into an agreement to acquire Novo Oil & Gas Holdings, a privately-held Delaware Basin focused E&P company backed by EnCap Investments, for $1.5 billion. Concurrently, Northern Oil and Gas, Inc. will acquire working interests equal to a pro-rata 33 1/3% of the oil and gas assets of Novo for $0.5 billion from Earthstone, resulting in a $1.0 billion purchase price net to Earthstone for the retained 66 2/3% interest.
New Mexico United States Culberson County Richardson Barr Robertj Anderson Earthstone Energy

Earthstone Energy Announces $1.0 Billion Delaware Basin Acquisition - Northern Oil & Gas (NYSE:NOG), Earthstone Energy (NYSE:ESTE)

THE WOODLANDS, Texas, June 15, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE:ESTE) ("Earthstone", the "Company", "our", or "we") today announced that it has entered into an agreement (the "Agreement") to
Culberson County United States New Mexico Clay Jeansonne Robertj Anderson Richardson Barr

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