Press Releases

Press Releases

  • November 18, 2016
    Earthstone Energy, Inc. (NYSE MKT: ESTE) ("Earthstone"), today announced that, as a result of its lenders' semiannual review, the borrowing base under its revolving credit facility has been increased from $75.0 million to $80.0 million. Utilization currently includes $10.0 million of indebtedness and $0.2 million of letters of credit. The facility matures on December 19, 2018. About Earthstone Energy, Inc. Earthstonemore...
  • November 8, 2016
    Earthstone Energy, Inc. (NYSE MKT: ESTE) ("Earthstone", the "Company", "we" or "us"), today announced financial and operating results for the three month period ended September 30, 2016. Third Quarter 2016 Summary Average daily production of 3,979 Boepd Total revenue of $11.1 million, which includes the effects of realized hedges Net loss of $3.9 millionmore...
  • November 8, 2016
    Earthstone Energy, Inc. (NYSE MKT: ESTE) ("Earthstone") and Bold Energy III LLC ("Bold"), a portfolio company of EnCap Investments L.P. ("EnCap"), today announced that they have entered into a definitive contribution agreement (the "Agreement") under which Earthstone will acquire all of the outstanding membership interests of Bold, inclusive of producing assets and undeveloped acreage, in an "Up-C" transaction (the "Transactionmore...
  • October 28, 2016
    Earthstone Energy, Inc. (NYSE MKT: ESTE) ("Earthstone" or the "Company"), announced today that its management will host a conference call on Wednesday, November 9, 2016 at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss the Company's operations and financial results for the third quarter of 2016. Prepared remarks by Frank A. Lodzinski, President and Chief Executive Officer, Robert J. Anderson, Executive Vice President, Corporate Developmentmore...
  • October 12, 2016
    Earthstone Energy, Inc. (NYSE MKT: ESTE) ("Earthstone", the "Company", "we" or "us"), today announced that Phillip D. Kramer has been appointed to serve as an independent director on the Company's board of directors. Mr. Kramer will also serve on the Company's audit committee. The election of Mr. Kramer increases the size of the Company's board to eight directors. Mr. Kramer currently serves as an Executive Vice President of Plains Allmore...