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Highpeak Energy, Inc. Announces Closing Of Hannathon Acquisition And Increase To The Company’S Borrowing Base

PUBLIC · HPKJun 30, 2022

Acquiring Company

HighPeak Energy

Acquired Company

Hannathon

Fort WorthEnergySustainabilityNatural Resources

Description

HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced (i) the closing of the acquisition of the Howard County assets of Hannathon Petroleum, LLC (“Hannathon”) and other non-operated working interest owners (“Hannathon Acquisition”) and (ii) that its bank group, led by Fifth Third Bank, N.A., (“Fifth Third Bank”) has increased the Company’s borrowing base and aggregate elected commitments to $400 million.

Quick answer

HighPeak Energy is acquiring Hannathon, announced June 30, 2022. HighPeak Energy is based in Fort Worth, Texas, United States.

How much did HighPeak Energy pay for Hannathon?
The deal value was not disclosed.
What does HighPeak Energy do?
HighPeak Energy, Inc. is a publicly traded independent oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional oil and..
Where are HighPeak Energy and Hannathon based?
HighPeak Energy is based in Fort Worth, Texas, United States.
Who are the decision-makers at HighPeak Energy?
Fundz holds 2 contacts at HighPeak Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

HighPeak Energy

Location

Fort Worth, Texas, United States

About

HighPeak Energy, Inc. is a publicly traded independent oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit our website at www.highpeakenergy.com.

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Frequently asked

Who acquired Hannathon?

Hannathon was acquired by HighPeak Energy, based in Fort Worth. The deal was reported on June 30, 2022. HighPeak Energy, Inc. HighPeak Energy is publicly traded (HPK) and operates in Energy.

When did HighPeak Energy acquire Hannathon?

HighPeak Energy's acquisition of Hannathon was reported on June 30, 2022. HighPeak Energy, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hannathon do?

Hannathon is an Oil and Gas production company based in Midland Texas. Co-founders, Justin Kuethe and Wes Reeves began the company in 2007...…. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.