HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million

Acquired the Howard County, TX, assets of Hannathon Petroleum LLC and other nonoperated working interest owners in the Permian Midland Basin largely contiguous to HighPeak’s existing Signal Peak position; consideration comprised of $237 MM in cash and 3.5 MM shares of HighPeak common stock. (Editor’s note: cash and equity consideration were reduced prior to closing.)