Permian Resources to acquire Earthstone Energy in $4.5 billion all-stock deal

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Permian Resources to acquire Earthstone Energy in $4.5 billion all-stock deal
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Permian Resources Corp. plans to acquire Earthstone Energy Inc. in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s...

Permian Resources Corp. PR, +2.71% plans to acquire Earthstone Energy Inc.

in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt, the companies announced Monday. Oil and natural gas company Permian Resources said that the deal boosts its exploration and production position in the Delaware basin.

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