{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-270505","form_type":"8-K","ticker":null,"cik":"0000010254","company_name":"EARTHSTONE ENERGY INC","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.933981+00:00","generated_at":"2026-06-08T21:50:36.270930+00:00","sec_items":["1.02","2.01","3.01","3.03","5.03","5.01","5.02","2.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Earthstone Energy completes acquisition by Permian Resources; shares converted at 1.446 ratio","bullets":["Each share of Earthstone Class A common stock converted into 1.446 shares of Permian Resources Class A common stock.","Earthstone Class A common stock delisted from NYSE; company intends to file Form 15 to suspend reporting obligations.","All directors and named executive officers resigned effective at closing; Earthstone Energy, LLC now managed by Permian Resources.","Credit agreement terminated and all outstanding obligations paid off in full; liens released.","Compensation committee approved transaction bonuses equal to 100% of annual base salary for CEO and other executives, paid at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-270505","json":"https://secwatch.observer/filing/0001193125-23-270505.json","markdown":"https://secwatch.observer/filing/0001193125-23-270505.md","text":"https://secwatch.observer/filing/0001193125-23-270505.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/d551345d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:50:36.270930+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0cb32e562b","claim":"Frost W. Cochran resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"11f22301e7","claim":"Timothy D. Merrifield departed as Executive Vice President, Geology and Geophysics at EARTHSTONE ENERGY INC.","evidence_excerpt":"Timothy D. Merrifield ceased to serve as Executive Vice President, Geology and Geophysics of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Executive Vice President, Geology and Geophysics"}],"fact_type":"executive_change"},{"claim_id":"1c7cb46a07","claim":"Zachary G. Urban resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"4ae2c9f851","claim":"Frank A. Lodzinski resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"4b531d6f42","claim":"Phillip D. Kramer resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"60eaf56a40","claim":"David S. Habachy resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"6b50635ce4","claim":"Jay F. Joliat resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"6cc565f012","claim":"Robert L. Zorich resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"6e27a84eb8","claim":"Douglas E. Swanson, Jr. resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"7e02cc9a3d","claim":"Tony Oviedo departed as Executive Vice President, Accounting and Administration at EARTHSTONE ENERGY INC.","evidence_excerpt":"Tony Oviedo ceased to serve as Executive Vice President, Accounting and Administration of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Executive Vice President, Accounting and Administration"}],"fact_type":"executive_change"},{"claim_id":"97f3bebb5e","claim":"Brad A. Thielemann resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"98129c74fa","claim":"Robert J. Anderson resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"abf4f19b93","claim":"Ray Singleton resigned as director at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"c9a1b5f841","claim":"Steven C. Collins departed as Executive Vice President, Chief Operations Officer at EARTHSTONE ENERGY INC.","evidence_excerpt":"Steven C. Collins ceased to serve as Executive Vice President, Chief Operations Officer of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Executive Vice President, Chief Operations Officer"}],"fact_type":"executive_change"},{"claim_id":"e0a853206d","claim":"Robert J. Anderson departed as President and Chief Executive Officer at EARTHSTONE ENERGY INC.","evidence_excerpt":"Robert J. Anderson ceased to serve as the President and Chief Executive Officer of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e5103695af","claim":"Mark Lumpkin, Jr. departed as Executive Vice President and Chief Financial Officer at EARTHSTONE ENERGY INC.","evidence_excerpt":"Mark Lumpkin, Jr. ceased to serve as the Executive Vice President and Chief Financial Officer of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"2800b537dd0d8282e5c0ad77ec3d7934a8555c24","claim":"EARTHSTONE ENERGY INC: The limited liability company agreement of Earthstone Energy, LLC was amended and restated on November 1, 2023 in connection with the merger (effective 2023-11-01).","evidence_excerpt":"In connection with the consummation of the Mergers, on November 1, 2023, the certificate of formation and limited liability company agreement of Merger Sub II as in effect immediately prior to the effective time of the Subsequent Company Merger, as set forth in Exhibits 3.1 and 3.2 to this Current Report on Form 8-K, became the certificate of formation and limited liability company agreement (the “Original LLC Agreement”) of the Surviving Company. On November 1, 2023, the Original LLC Agreement was amended and restated by the Amended and Restated Limited Liability Company Agreement of Earthstone Energy, LLC.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-11-01"}],"fact_type":"governance_change"},{"claim_id":"9f6904fd5b95c0d74128f3945999873dc22f314e","claim":"EARTHSTONE ENERGY INC underwent a change of control involving Permian Resources Corporation for 1.446 shares of Permian Resources Class A common stock per share of Earthstone Class A Common Stock (closed 2023-11-01).","evidence_excerpt":"ously announced, on August 21, 2023, Earthstone Energy, Inc., a Delaware corporation (the “Company”), and Earthstone Energy Holdings, LLC, a Delaware limited liability company (“EEH”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Permian Resources Corporation, a Delaware corporation (“Permian Resources”), Smits Merger Sub I Inc., a Delaware corporation and a direct wholly owned subsidiary of Permian Resources (“Merger Sub I”), Smits Merger Sub II LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Permian Resources (Merger Sub II”), and Permian Resources Operating, LLC, a Delaware limited liability company (“Permian OpCo”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Permian Resources Corporation"},{"label":"Consideration","value":"1.446 shares of Permian Resources Class A common stock per share of Earthstone Class A Common Stock"},{"label":"Closing","value":"2023-11-01"}],"fact_type":"ma_transaction"},{"claim_id":"a92160afabdc4940a8582fb0ab36c7e9044db42a","claim":"EARTHSTONE ENERGY INC terminated Credit Agreement with Wells Fargo Bank, National Association (effective 2023-11-01).","evidence_excerpt":"on November 1, 2023, EEH, at the direction of the Company, terminated all outstanding lender commitments, including commitments of the lenders to issue letters of credit under that certain Credit Agreement, dated as of November 21, 2019, by and among EEH, as Borrower, the Company, as Parent, Wells Fargo Bank, National Association, as administrative agent and issuer of letters of credit thereunder, the lenders from time to time party thereto and the documentation agents party thereto (as amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Effective","value":"2023-11-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}