Deal Insight
Permian Resources positioned to become the third largest Permian pure-play large cap
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Permian Resources is acquiring Earthstone Energy in an all-stock transaction worth US$4.5 billion. This is a transformational move for Permian Resources. The company will emerge as a US large-cap E&P and joins Diamondback and Pioneer Natural Resources as just the third Permian pure-play within that peer set. The deal is an illustration of the speed at which nimble smaller operators can build US unconventional scale.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Delaware Basin - leasehold by operatorEarthstone and Permian Resources New Mexico well performance
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Midland Basin - leasehold by operatorUpstream assets: Table 1Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
