Press Releases

Press Releases

  • July 1, 2013
    EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company has commenced drilling operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska. The well is expected to reach its projected total depth of approximately 6,500 feet by mid-July. The Schmale 34-20 is located in Sec 20, Township 15 North Range 47 West, Cheyenne County, Nebraska. As previously disclosed, the Company has acquired approximately 70 square miles ofmore...
  • June 13, 2013
    EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) (Earthstone or the Company) reported net income of $1,780,000, or $1.03 per diluted share, on revenue of approximately $11.4 million for the fiscal year end March 31, 2013 (2013). This compares with net income of $3,279,000, or $1.92 per diluted share, on revenue of approximately $11.7 million for the fiscal year end March 31, 2012 (2012). The $334 thousand (3%) decrease in revenue and $1.5 million (46%)more...
  • June 11, 2013
    EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company recently applied for a drilling permit in Nebraska in preparation for a deep Pennsylvanian test of the Virgil Formation. Earthstone expects to drill its first Nebraska well, the Schmale 33-20, by mid-summer to a depth of approximately 6,500 feet. The well is located in Sec 20, Township 15 North Range 47 West, Cheyenne County, Nebraska. In conjunction with this effort, the Companymore...
  • February 8, 2013
    EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported net income of $370,000, $0.22 per diluted share, on revenue of $2.8 million for the third quarter of fiscal 2013 compared to net income of $1,152,000, $0.68 per diluted share, on revenue of $3.9 million for the third quarter of fiscal 2012. For the nine months ending December 2012, the Company reported net income of $1,126,000, $0.65 per diluted share, on revenue of $8.0 million compared to netmore...
  • January 3, 2013
    EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported today that, on December 21, 2012, it established a new bank credit facility with The Bank of Oklahoma, located in Denver, Colorado. This facility replaces the Company's previous line-of-credit with American National Bank that expired on December 31, 2010. Under the terms of its new loan agreement the Company has a twenty five million dollar ($25,000,000) line of credit with an initial borrowingmore...