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Permian Resources to buy Earthstone Energy in all-stock transaction valued at US$4.5-billion

The deal would strengthen Permian Resources’ position as a leading Delaware Basin independent producer, with pro forma production of about 300,000 barrels of oil equivalent per day ....

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Earthstone Stock Rises 12% On Agreement To Be Acquired By Permian

Shares of Earthstone Energy, Inc. (ESTE) are rising 12.92 percent on Monday after reporting to have agreed on a definitive arrangement, where Permian Resources will acquire Earthstone through an all-stock deal. ....

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Latest U.S. Upstream Merger To Create $14-Billion Permian Producer

In the latest merger in the U.S. oil and gas space, Permian Resources will buy Earthstone Energy in an all-stock deal. ....

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ConocoPhillips slightly raises full year production forecast despite missing quarterly profit estimates

ConocoPhillips said production rose 6% to 1.81 million barrels of oil equivalent per day in the second quarter, at the higher end of the company’s prior guidance ....

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Big 3 oilfield service providers to get lift from international, offshore demand

Baker Hughes, Halliburton and SLB are set to post a combined second-quarter adjusted profit of US$2.04-billion, according to Refinitiv data ....

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