Earthstone purchases Chisholm

摘要

THE US Permian basin underlined its status as a hotspot for acquisitions as 2021 came to a close, with Earthstone Energy buying the assets of privately-held Chisholm Energy for about $604 million. Earthstone will finance the deal with $340 million in cash at closing, plus $70 million in deferred cash over the next 12 months and 19.4 million shares of its Class A common stock, valued at $194 million.