Private equity firm Warburg Pincus LLC sold its remaining 12.9 million shares of Earthstone Energy Inc.’s Class A common stock, increasing Earthstone’s stock float by approximately 25%, according to an Aug. 7 press release.
"We appreciate the opportunity to have partnered with Warburg Pincus over the past several years and thank them for their contribution to our growth and success," Robert J. Anderson, president and CEO of Earthstone, said in the release. "Warburg has efficiently sold its entire position of approximately 26.4 million shares of Class A Common stock in less than one calendar year."
Earthstone Energy is an independent energy company focused on the acquisition, development and operations of oil and natural gas assets in the Permian Basin.
Recommended Reading
BP Awards Subsea Alliance Contract for UK North Sea Development
2024-07-31 - SLB, OneSubsea, Subsea 7 and the Subsea Integration Alliance will increase speed of tool delivery, optimize installation and reduce rig days at BP’s Murlach development in the North Sea.
Offshore, Middle East Buoys SLB’s 2Q as US Land Revenue Falls
2024-07-19 - Driven by a strong offshore market and bolstered by strategic acquisitions and digital innovation, SLB saw a robust second quarter offset by lower drilling revenue in the U.S.
Helix Secures Multi-year GoM Contract with Shell Offshore
2024-09-04 - Under the contract, to begin in 2025, Helix Energy Solutions will provide well intervention services for Shell Offshore in the U.S. Gulf of Mexico.
Dividends Declared in the Week of Aug. 26
2024-09-02 - Here is a selection of dividends declared from select upstream and service and supply companies.
Equinor Subsidiary Contracts Valaris Drillship Offshore Brazil
2024-07-22 - Valaris and Equinor Energy do Brasil’s multi-year contract is valued at approximately $498 million.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.