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JPMorgan sells shale driller it picked up following bankruptcy

JPMorgan Chase is selling Bighorn Permian Resources, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy, to Earthstone Energy for $860 million.

New yorkUnited statesWarburg pincusRobert andersonAubrey mcclendonChisholm energy holdingsJohnson rice coEarthstone energyBighorn permian resourcesSable permian resourcesPermian basinChief executive robert andersonIndustry newsM amp a

Earthstone to Buy Permian Producer for $860MM

The deal is the latest in a string of acquisitions for Earthstone.

New yorkUnited statesNew mexicoWarburg pincusRobert andersonAubrey mcclendonJpmorgan chase coChisholm energy holdingsEarthstone energy incJohnson rice companyChevron corpBighorn permian resourcesEarthstone energyPermian basinWest texasSable permian resources

Earthstone Builds West Texas Portfolio in $860M Deal for Permian Private Bighorn

Permian Basin pure-play Earthstone Energy Inc. is on an acquisition tear, announcing Monday it is scooping up West Texas-focused private Bighorn

United statesRobertj andersonDecember earthstoneAubrey mcclendonSable permian resourcesChesapeake energy corpChisholm energy holdingsAmerican energy partnersEarthstone energy incOak energy capitalBighorn permian resourcesPermian basinEarthstone energyWest texas focusedPermian midlandNew mexico

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