Newly formed Permian Resources Corp. to acquire Earthstone Energy in $4.5B deal

Midland, Texas-based Permian Resources Corp. (NYSE: PR), which was formed through a merger last year, will acquire The Woodlands-based Earthstone Energy Inc. (NYSE: ESTE), which has been on its own acquisition streak, in a deal worth approximately $4.5 billion, including the assumption of Earthstone’s net debt.