Earthstone Energy, Inc. Announces Second Quarter 2016 Conference Call for Tuesday, August 9, 2016 at 3:00 p.m. Eastern

Earthstone Energy, Inc. Announces Second Quarter 2016 Conference Call for Tuesday, August 9, 2016 at 3:00 p.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 Tuesday, August 9, 2016 at 3:00 p.m. Eastern (2:00 p.m. Central) to discuss the Company's operations and financial results for the second 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.

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), Tuesday, August 23, 2016. The number for the replay is 877-660-6853 for domestic calls or 201-612-7415 for international calls, using Conference ID: 13643104.

About Earthstone Energy, Inc.

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

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