Sunday, December 28, 2025

Earthstone Energy Makes $950 Million Acquisition of EnCap Portfolio Company

Earthstone Energy (ticker: ESTE) has entered into an agreement with Sabalo Holdings, LLC in which Earthstone will acquire all of Sabalo Holdings’ interests in Sabalo Energy, LLC and Sabalo Energy, Inc., whose assets include both producing and non-producing oil and gas assets in the northern Midland Basin. Sabalo is a privately-held oil and gas company based in Corpus Christi, Texas

U.S. Oilpatch Productivity Multiple Climbs Above 3.0 - Oil & Gas 360

Effective Rig Count Falls on Diminished Efficiency

Total EERC down 13 EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins. The Effective Rig Count fell this month, dropping by 13 to 2,747 effective rigs. Both efficiencies and reported rig counts fell in September, reinforcing the decline in the EERC. The past two months have seen