Three-Way Midland Basin Combination Creates $1.5 Billion E&P

To acquire The Woodlands, TX-based Grenadier Energy through a business combination to form a pure-play Permian E&P with a 73,000 net acre position in the northern Midland Basin. (Expected to close 1Q 2020)

Editor's note: Companies agreed to terminate agreement on April 24, 2020 citing “current market uncertainty.”