Permian Resources said on Monday it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt, boosting the shale producer's presence in the Delaware Basin.
With Monday's deal, Permian Resources would have pro forma production of about 300,000 barrels of oil equivalent per day .
Shares of Earthstone jumped 8.6% to $17.63 in premarket trading, while Permian Resources declined more than 3% to $12.45.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Permian Resources to acquire Earthstone Energy in $4.5 billion all-stock dealPermian Resources Corp. plans to acquire Earthstone Energy Inc. in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s...
Lire la suite »
Permian Resources agrees to buy peer Earthstone Energy in $4.5 billion deal By Investing.comPermian Resources agrees to buy peer Earthstone Energy in $4.5 billion deal
Lire la suite »
Permian Resources to Buy Earthstone Energy in $4.5 Billion Deal. There’s More to It.Permian Resources plans on increasing its quarterly dividend by 20% to 6 cents a share beginning in the first quarter of 2024.
Lire la suite »
Stocks making the biggest premarket moves: Palo Alto Networks, Earthstone Energy, Nvidia, VMware and moreThese are the stocks posting the largest moves in the premarket.
Lire la suite »
5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Lire la suite »
Jim Cramer's top 10 things to watch in the stock market MondayStocks edge up in premarket trading Monday, following three-consecutive weeks of losses, as the market looks to Nvidia's (NVDA) quarterly report.
Lire la suite »