Earthstone Energy: Valued Fairly In Its $4.5 Billion Acquisition By Permian Resources

Oil field site, in the evening, oil pumps are running, The oil pump and the beautiful sunset reflected in the water


Earthstone Energy (NYSE:ESTE) is being acquired by Permian Resources (NYSE:PR) for approximately $4.5 billion (including the assumption of net debt). This will create a combined company with approximately 300,000 BOEPD in production and over 400,000 Permian

Type Units $/Unit $ Million
Oil (Barrels) 9,430,000 $77.00 $726
NGLs (Barrels) 6,325,000 $24.00 $152
Natural Gas [MCF] 43,470,000 $2.35 $102
Hedge Value -$30
Total Revenue $950

Expenses $ Million
Lease Operating $207
Production Taxes $86
Cash G&A $30
Cash Interest $70
Capital Expenditures $373
Total Expenses $766

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