EARTHSTONE LAUNCHES ANOTHER DEAL, TUCKING IN THUS' DELAWARE ASSETS

摘要

After proclaiming itself the "new" Earth-stone Energy Inc., The Woodlands, Texas-based company announced yet another transaction June 28: the acquisition of Titus Oil & Gas and a 26% increase in production in the Del-aware Basin. The $627 million acquisition adds 86 net locations in the Permian Basin in Eddy and Lea counties, N.M., on 7,900 net acres of leasehold. It isn't clear how much of the leasehold might be on federal acreage.