HighPeak Energy explores sale after takeover interest, sources say
The oil and gas producer is weighing a sale following unsolicited buyer interest, according to people familiar with the matter.
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HighPeak Energy is exploring a sale after receiving takeover interest, according to sources.
The Midland Basin producer has been through this before. In January 2023 its board launched a formal review of strategic alternatives, including a possible sale, and hired Credit Suisse Securities and Wells Fargo Securities to run it, according to a HighPeak filing with the Securities and Exchange Commission. That process stayed in preliminary stages, with no timetable set and no further action taken, the filing said. It did not produce a deal.
HighPeak has also changed leadership since then. In September 2025 the company said Chairman and CEO Jack Hightower would retire from all his posts, with President Michael Hollis stepping in as interim chief executive, according to a company filing. For 2025, HighPeak reported revenue of $863.36 million and earnings of $16.87 million, according to StockAnalysis.com, on proved reserves of about 174 million barrels of oil equivalent and average daily output of 48,300 barrels of oil equivalent, according to StockTitan.
What sets this round apart from 2023 is where the pressure is coming from. The earlier review was board-initiated and ran on for months without a buyer emerging. This one is reportedly being driven by inbound interest from would-be acquirers rather than a self-directed search, which points to firmer demand for the company than the last time its future ownership was in question.