Registration is Open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil & Gas Conference® which will take place Aug. 15-18, 2021, at the Denver Downtown [...]
Provides Estimated Mid-Year Proved Reserves Earthstone Energy Inc. , today announced that it has completed the previously announced acquisition of privately held operated assets located in the Midland Basin from Tracker Resource Development III, LLC and an affiliate and from affiliates of Sequel Energy Group LLC, which hold well-bore interests in [...]
Company Updates Tracker Acquisition and Highlights Environmental/Safety Disclosures Earthstone Energy Inc. today announced that it has acquired working interests in assets it operates located in southern Gonzales County, Texas from four separate sellers. The aggregate purchase price of the Eagle Ford Acquisitions was approximately $48 million in [...]
Earthstone Energy Inc. , today announced financial and operating results for the three months ended March 31, 2021. Year-to-Date 2021 Highlights Closed the IRM Acquisition on January 7, 2021 Signed the Tracker/Sequel Purchase Agreements on March 31, 2021 with an anticipated closing early in the third quarter of 2021 Average daily production of [...]
Earthstone Energy Inc. , announced today that its management team will host a conference call on Thursday, May 6, 2021 at 12:00 p.m. Eastern to discuss the Company's financial results for the first quarter 2021 and its outlook for the remainder of 2021. Prepared remarks by Robert J. Anderson, President and Chief Executive Officer, Mark Lumpkin [...]
Earthstone Energy Inc. , today announced that it has entered into an amendment to its senior secured revolving credit facility under which the borrowing base has been increased from $360 million to $475 million in connection with its regularly scheduled redetermination. Further, the amendment provides for an increase in the borrowing base from $475 [...]
Earthstone Energy Inc. today announced that it has entered into definitive agreements to acquire privately held operated assets located in the Midland Basin from Tracker Resource Development III, LLC and an affiliate and from affiliates of Sequel Energy Group LLC , which hold well-bore interests in certain of the producing wells operated by [...]
Earthstone Energy Inc. , today announced financial and operating results for the quarter and year ended December 31, 2020. Fourth Quarter 2020 Highlights Signed Purchase and Sale Agreement on the IRM Acquisition on December 17, 2020 which was closed on January 7, 2021 Average daily production of 14,809 Boepd Adjusted EBITDAX of $29.8 million [...]
Earthstone Energy Inc. , announced today that its management team will host a conference call on Thursday, March 11, 2021 at 10:00 a.m. Eastern to discuss the Company's financial results for the fourth quarter and full year 2020 and its outlook for 2021. Prepared remarks by Robert J. Anderson, President and Chief Executive Officer, Mark Lumpkin [...]
Earthstone Energy Inc. , today provided an operations update, released 2021 guidance and announced its year-end 2020 estimated proved reserves. The Company has estimated its oil and gas sales volumes for the fourth quarter of 2020 to be approximately 1.40 MMBoe or an average of approximately 15,232 Boepd . For the year ended December 31, 2020, the [...]
Earthstone Energy Inc. today announced that it has completed the previously announced acquisition of Independence Resources Management, LLC . The aggregate purchase price for the acquisition was approximately $182.0 million, consisting of $131.2 million in cash consideration and approximately 12.7 million shares of Earthstone’s Class A common stock [...]
Earthstone Energy Inc. today announced that it has entered into a definitive agreement to acquire Independence Resources Management, LLC , a privately held independent E&P company backed by Warburg Pincus, LLC and its affiliates , and operating in the Midland Basin . The aggregate purchase price of the Transaction is expected to be approximately [...]