Earthstone Energy Completes $810 Million Transaction

Date: May 15, 2017 

Jones & Keller, P.C. is pleased to announce that it represented Earthstone Energy, Inc., NYSE: ESTE (“Earthstone”) in a $810 million all-stock “Up-C” transaction with privately held Bold Energy III LLC (“Bold”), which closed on May 9, 2017. In the transaction, Earthstone acquired all of the outstanding membership interests of Bold, which owned producing oil and gas assets and undeveloped acreage. The transaction represents a transformational shift for Earthstone to a high-growth, Midland Basin-focused operating company. 

Earthstone, together with its consolidated subsidiaries, is a growth-oriented independent upstream oil and natural gas development and production company operating onshore in the United States.

The Jones & Keller team included Reid A. Godbolt, Samuel E. Wing and Adam J. Fogoros providing corporate and securities advice, with tax advice provided by Kevin L. Brown and Charles E. Wern and employment advice provided by Edward T. Lyons, Jr.