Earthstone Energy, Inc. Announces First Quarter 2016 Conference Call for Wednesday, May 11, 2016 at 10:00 a.m. Eastern

Earthstone Energy, Inc. Announces First Quarter 2016 Conference Call for Wednesday, May 11, 2016 at 10:00 a.m. Eastern

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THE WOODLANDS, Texas

Earthstone Energy, Inc. (NYSE MKT: ESTE) ("Earthstone" or the "Company"), announced today that its management will host a conference call on Wednesday, May 11, 2016, at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss the Company's operations and financial results for the first quarter of 2016. Prepared remarks by Frank A. Lodzinski, President and Chief Executive Officer, Robert J. Anderson, Executive Vice President, Corporate Development and Engineering, and Neil K. Cohen, Vice President, Finance, and Treasurer will be followed by a question and answer session. The Company intends to file its quarterly report on Form 10-Q for the period ended March 31, 2016, on Tuesday, May 10, 2016.

Investors and analysts are invited to participate in the call by dialing 877-407-8035 for domestic calls or 201-689-8035 for international calls, in both cases asking for the Earthstone conference call.

A replay of the call will be available on the Company's website and by telephone until 11:59 p.m. Eastern (10:59 p.m. Central), Wednesday, May 25, 2016. The number for the replay is 877-660-6853 for domestic calls or 201-612-7415 for international calls, using Conference ID: 13636833.

About Earthstone Energy, Inc.

Earthstone Energy, Inc. is a growth-oriented independent oil and gas exploration and production company engaged in the development and acquisition of oil and gas reserves through an active and diversified program that includes the acquisition, drilling and development of undeveloped leases, purchases of reserves, and exploration activities, with its current primary assets located in the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota and Montana. Earthstone is traded on NYSE MKT under the symbol "ESTE." The Company's corporate headquarters is located in The Woodlands, Texas. Additional information can be found at www.earthstoneenergy.com.

Contact:

Neil K. Cohen
Vice President, Finance, and Treasurer
Earthstone Energy, Inc.
1400 Woodloch Forest Drive, Suite 300
The Woodlands, TX 77380
281-298-4246