Earthstone Energy (ESTE) Update - Jan 31

[dan_s]

Earthstone Energy Announces Midland Basin
Asset Acquisition for ~$860 Million
- Accretive acquisition within existing Earthstone footprint increases size and scale
- Acquisition funded in part with proceeds of $280 million private placement of equity
- Previously announced Chisholm Acquisition expected to close in mid-February 2022
The Woodlands, Texas, January 31, 2022 – Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or
the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire the
assets of privately held Bighorn Permian Resources, LLC (“Bighorn”) located in the Midland Basin (the
“Bighorn Acquisition”).

Transaction details: https://s24.q4cdn.com/478275335/files/d ... .31-vF.pdf

I will adjust my 2022 and 2023 forecasts for this transaction after today's webinar.