One-Page Deal Sheet
Earthstone Picks Up Midland Basin Assets for $73.2 Million in Cash/Stock
Earthstone Energy Inc. Foreland Investments Lp
Announced Date
October 04,2021
Effective Date
July 01,2021
Close Date
November 02,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
73
Asset/Basin:
["Midland Basin"]
TargetZones:
[]
Net Acres
% Oil:
Proved Reserves
PDP PV-10 ($MM)
EbitDAX : Ebitdax_multple
Location
Calculated Metrics( EV/Category)
Region
Permian - Midland Basin
Country
United States
State
Texas
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Residual Metrics Residual Value
Transaction Details: Subscribe to see
Earthstone Energy, Inc. has agreed to acquire privately held operated assets located in the Midland Basin from Foreland Investments LP and BCC-Foreland LLC in a cash/stock deal worth $73.2 million ($49.2 million in cash / $24 million in stock).
This deal closed on November 2, 2021. The Bolt-On Acquisition has an effective date of July 1, 2021.
Deal Details: Production: Average daily production of 4,400 Boepd (26% oil, 52% liquids) Reserves: $116.0 million PDP PV-10 as of 7/1/21 with associated reserves of approximately 13.3 MMBoe (11% oil, 31% NGL, 58% natural gas)Mr. Robert J…
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