One-Page Deal Sheet
Permian Resources Acquires Earthstone Energy
Permian Resources Corp. Earthstone Energy Inc.
Announced Date
August 21,2023
Close Date
November 01,2023
Transaction Type
Corporate
Enterprise Value (EV)($MM)
4500
Asset/Basin:
["Permian Basin", "Delaware Basin", "Midland Basin"]
TargetZones:
["1st Bone Spring",
Net Acres
% Oil:
PDP PV-10 ($MM)
EbitDAX : Ebitdax_multple
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
New Mexico
County
Eddy ,Lea
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Residual Metrics Residual Value
Transaction Details: Subscribe to see
Permian Resources and Earthstone Energy today announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt.
The all-stock transaction will see 1.44 shares of Permian Resources for each share of Earthstone common stock.
Deal Summary
Land : 223,000 net acres
Production : ~133 mboe/d (~41% oil)
Price : $4.5 billion
PDP PV-10 : ~$4.2B.
2024E EBITDAX : ≈ $1.55B
Management Commentary
“We believe the acquisition of Earthstone represents a…
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