Press Releases

Press Releases

  • March 12, 2018
    THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management will host a conference call on Thursday, March 15, 2018 at 11:00 a.m. Eastern (10:00 a.m. Central) to discuss the Company’s operational and financial results for the full year and fourth quarter 2017 and its outlook for 2018. Prepared remarks by Frank A. Lodzinski, President and Chief Executive Officer, Robert J. Anderson, Executive Vicemore...
  • January 22, 2018
    THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company” or “we”), today provided an operations update and 2018 guidance. The Company has estimated its oil and gas sales volumes for the fourth quarter of 2017 at approximately 824,000 Boe or an average of approximately 8,955 Boepd (66% oil, 83% liquids). For the year ended December 31, 2017, the Company estimates its annual sales volumes at 2.86 million Boe, or an average 7,840 Boepd asmore...
  • December 21, 2017
    THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that it has closed its previously announced agreement to sell its Bakken assets (“Transaction”) to an unaffiliated party for approximately $27 million in cash. The effective date of the Transaction is December 1, 2017 and is subject to certain customary closing purchase price adjustments. The proceeds from the Transaction will be used to pay down debt under itsmore...
  • December 4, 2017
    THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that the borrowing base under its senior secured revolving credit facility (“Credit Facility”) has been increased from $150 million to $185 million in connection with its regularly scheduled fall redetermination. The Company also entered into an amendment to its Credit Facility which provides for increased flexibility. The $185 million borrowing base will notmore...
  • November 20, 2017
    THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that it has entered into a definitive agreement to sell its Bakken assets for approximately $27 million in cash to an unaffiliated party. The transaction is subject to customary closing conditions and adjustments. The effective date will be December 1, 2017 and is expected to close by year-end 2017. Robert J. Anderson, Executive Vice President,more...