HighPeak Energy completed the acquisition of the Howard County assets of Hannathon Petroleum for $255m.

HighPeak Energy, an oil and gas company, completed the acquisition of the Howard County assets of Hannathon Petroleum, an oil drilling services provider for $255m. “We began our strategic expansion in the Signal Peak area in August 2021 by acquiring a non-operated ownership interest in these assets. Acquiring the balance of the working interest will bolster our drilling potential in the area and give us control of significant infrastructure to support, and accelerate, our development program in the region," Jack Hightower, HighPeak Chairman and CEO.