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Jones & Keller advises Earthstone Energy in acquiring Independence Resources Management

April 27, 2021
Earthstone Energy, Inc., acquisition of Independence Resources Management, advised by Jones & Keller

Jones & Keller advises Earthstone Energy, Inc. (NYSE: ESTE) in an acquisition of Independence Resources Management, LLC, in a $182.0 million cash and stock transaction.

Jones & Keller, P.C. acted as corporate and securities counsel to Earthstone Energy, Inc. (NYSE: ESTE) as it completed an acquisition of Independence Resources Management, LLC, a privately held independent E&P company operating in the Midland Basin in a cash and stock transaction valued at $182.0 million. Earthstone Energy, Inc. is a growth-oriented, independent energy company engaged in the development and operatio of oil and natural gas properties. Its primary assets are located in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas.

Jones & Keller attorneys Reid A. Godbolt, Samuel E. Wing, Adam J. Fogoros, and Charles E. Wern advised in negotiating and completing the transaction agreements; structuring the terms of equity and debt financing and associate corporate, securities and tax law; advising on employment and non-competition agreements; and, interfacing with securities regulators and the U.S. stock exchanges.