Permian Resources announces $4.5bn acquisition of Earthstone Energy
In a strategic move set to reshape the energy landscape, Permian Resources Corporation (NYSE: PR) announced an all-stock transaction to acquire Earthstone Energy, Inc. (NYSE: ESTE). Valued at an eye-popping $4.5 billion, inclusive of Earthstone Energy’s net debt, the deal is anticipated to fortify Permian Resources’ stronghold in the Delaware Basin. The merger implies a […]