Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million on January 25, 2023. A transaction deposit of $100,000 was paid to Earthstone in December 2022 and final consideration for the assets of $1,900,000 was paid in January 2023.

Black Mountain Energy Ltd (ASX:BME) completed the acquisition of 8 Operating Wells And Leases in Permian Basin from Earthstone Energy, Inc. (NYSE:ESTE) on February 17, 2023.