Earthstone Energy to buy Delaware Basin-focused company for $1.5 bln

Earthstone Energy

15/06/2023 12:37

June 15 (Reuters) - Earthstone Energy Inc  ESTE.N  said
on Thursday it would buy  Novo Oil & Gas Holdings, a privately
held Delaware Basin focused production company backed by EnCap
Investments LP, for $1.5 billion.

 (Reporting by Arunima Kumar in Bengaluru; Editing by Shilpi
Majumdar)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
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