Earthstone Energy completed the acquisition of the northern Delaware Basin asset of NGP Energy-backed Titus for $627m.

Earthstone Energy, an energy company, completed the acquisition of the northern Delaware Basin asset of NGP Energy-backed Titus, an oil and gas company, for $627m. "We are very pleased with the execution of our operations in the Northern Delaware Basin assets acquired earlier this year and expect to apply that knowledge to the Titus Acquisition assets after closing. We have continued to build out our high margin asset base, which is generating significant Free Cash Flow to which this acquisition will contribute in a meaningful way," Robert J. Anderson, Earthstone President and CEO.