Earthstone Energy announced today that it has priced an underwritten public offering of 4,500,000 shares of its common stock to the public at $10.50 per share. The Company expects to close the sale of the shares of common stock on June 21, 2016, subject to customary closing conditions. Net proceeds to the Company from the sale of 4,500,000 shares [...]
Our updated capital budget and guidance includes estimates of operations and activities associated with our recent acquisition of Lynden Energy Corp., which we closed on May 18, 2016. We have 12 gross Eagle Ford locations waiting on completion. With the recent improvement in oil prices, we currently plan to begin our completion program this summer [...]
Earthstone Energy announced today that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from [...]
Lynden Energy today announced the completion of the arrangement with Earthstone Energy. As previously announced, the arrangement was approved at a special meeting of the securityholders held on May 12, 2016. Pursuant to the terms of the Arrangement Agreement, dated December 16, 2015, as amended, a wholly-owned subsidiary of Earthstone acquired all [...]
THE WOODLANDS, TX--(Marketwired - May 10, 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 March 31, 2016. First Quarter 2016 Highlights Average daily production of 3,576 Boepd Total revenue of $8.9 million, which includes [...]
Earthstone Energy today announced financial and operating results for the three and twelve month periods ended December 31, 2015. For the fourth quarter of 2015, Earthstone reported a net loss attributable to common stockholders of $116.5 million, or $8.42 per diluted share, which included a pre-tax non-cash impairment charge of $138.1 million [...]
Earthstone Energy announced today that the Company's management team will present at the following conferences in March 2016. Northland Capital Markets 2016 Growth Conference at the Omni Berkshire Place Hotel located at 21 E 52nd Street in New York, New York, on Wednesday, March 9, 2016, at 8:35 a.m. ET.
Earthstone Energy announced today that its management will host a conference call on Monday, March 14, 2016, at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss the Company's operations and financial results for the fourth quarter and full year 2015 and its outlook for 2016. Prepared remarks by Frank A. Lodzinski, President and Chief Executive [...]
Earthstone Energy, announced today that its management will host a conference call at 3:00 p.m. Eastern to discuss the Company's recently announced acquisition of Lynden Energy. Prepared remarks by Frank A. Lodzinski, President and Chief Executive Officer, will be followed by a question and answer session. Investors and analysts are invited to [...]
Earthstone Energy and Lynden Energy today announced a definitive agreement whereby Earthstone will acquire Lynden in an all-stock transaction. At closing, Earthstone will issue approximately 3.7 million shares of its common stock to Lynden stockholders, which will represent approximately 21% of Earthstone's outstanding common stock following the [...]
Earthstone Energy, announced today that the Company's management team will present at the following conferences in September and October 2015. Imperial Capital Global Opportunities Conference at The Waldorf Astoria located at 301 Park Avenue in New York, New York, on Thursday, September 17, 2015 at 8:00am ET.
Earthstone Energy, announced today that the Company will participate in EnerCom's The Oil & Gas Conference 20 in Denver, Colorado, on August 17-18, 2015. Frank A. Lodzinski, President and Chief Executive Officer, Robert J. Anderson, Executive Vice President, Corporate Development and Engineering, and Ray Singleton, Executive Vice President [...]