One-Page Deal Sheet
Earthstone Acquires Permian Assets of PE-Backed E&P for $575 Million
Earthstone Energy Inc. Titus Oil & Gas Production, LLC
Announced Date
June 28,2022
Close Date
August 11,2022
Transaction Type
Property
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Lea ,Eddy
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Earthstone Energy, Inc. has agreed to acquire the New Mexico assets of Titus Oil & Gas Production LLC and Titus Oil & Gas Production II LLC and their affiliates located in the northern Delaware Basin for $575 million.
This deal closed on August 11, 2022.
Titus is privately held with sponsorship by investment funds managed by NGP Energy Capital Management, LLC.
Deal Details: Acreage: 7,900 net acres (65% operated, 78% WI, 93% HBP) in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico Proved Reserves: 28.9 MMBoe Production: ~31,800 Boepd (65% oil, 83% liquids) from 44…Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Sep-02-2025 |
- |
- |
Click here | Texas | E&P |
| May-07-2025 |
- |
- |
Click here | New Mexico | E&P |
| May-03-2025 |
- |
- |
Click here | New Mexico | E&P |
| Nov-13-2024 |
- |
- |
Click here | New Mexico | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | - |
- |
| Jul-28-2024 | Vital Energy Acquires Delaware Basin Property From PE-Backed E&P | - |
- |
| Jun-12-2024 | Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion | - |
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