HighPeak Energy to acquire Grenadier Energy Partners for $465m.

HighPeak Energy, an independent oil and natural gas company, ageed to acquire Grenadier Energy Partners, an upstream oil and gas company, for $465m. "We’re extremely excited about this transaction as this area provides for one of the best on-shore domestic US opportunities in regards to accelerated near-term cash flow growth, single well economics due to the high oil production content, industry leading full-cycle operating margins and the economies of scale we expect to achieve in cost savings attributable to drilling & completion operations, production facilities and infrastructure due to the contiguous nature of the asset base. The HighPeak management team is confident in our ability to successfully implement the proposed development drilling program and achieve the anticipated growth profile of the company," Jack Hightower, HighPeak Energy Chairman, President and CEO.