Earthstone Energy completed the acquisition of Midland Basin assets of Bighorn Permian Resources for $729m.

Earthstone Energy, an energy company, completed the acquisition of Midland Basin assets of Bighorn Permian Resources, an energy company, for $729m. "We are pleased to have taken multiple significant steps in the ongoing transformation of Earthstone as we have closed on the Bighorn Acquisition and on significant debt and equity financings this week. Based on the purchase price adjustments at closing as a result of the significant cash flows from the effective date, we will have funded the Bighorn Acquisition with well over 50% equity in the form of direct consideration to the seller," Robert J. Anderson, Earthstone President and CEO.