Earthstone Energy Inc. , today announced financial and operating results for the quarter and year ended December 31, 2019. Fourth Quarter 2019 Highlights Average daily production of 17,571 Boepd Adjusted EBITDAX of $49.9 million All-in cash costs of $12.12 per Boe Capital expenditures of $58.0 million Net loss of $5.6 million or $0.09 per Adjusted [...]
Earthstone Energy Inc. , announced today that its management will host a conference call on Thursday, March 12, 2020 at 11:00 a.m. Eastern to discuss the Company’s financial results for the fourth quarter and full year 2019 and its outlook for 2020. Prepared remarks by Frank A. Lodzinski, Chief Executive Officer, Robert J. Anderson [...]
Earthstone Energy Inc. , today announced that its current Chairman and Chief Executive Officer, Mr. Frank A. Lodzinski, will be appointed Executive Chairman and its current President, Mr. Robert J. Anderson, will be appointed Chief Executive Officer and President of Earthstone, effective on April 1, 2020. Mr. Lodzinski stated, “Since joining [...]
Earthstone Energy Inc. , today provided an operations update and 2020 guidance. The Company has estimated its oil and gas sales volumes for the fourth quarter of 2019 at approximately 1.60 MMBoe or an average of approximately 17,380 Boepd . For the year ended December 31, 2019, the Company estimates its annual sales volumes grew 35% to [...]
Earthstone Energy Inc. , announced today it entered into a new credit agreement with respect to its senior secured revolving credit facility . The New Credit Facility has a maturity date of November 21, 2024 with a maximum credit amount of $1.5 billion and an initial borrowing base of $325 million. Wells Fargo Securities, LLC and RBC Capital [...]
Earthstone Energy Inc. , today announced financial and operating results for the quarter and nine months ended September 30, 2019. Third Quarter 2019 Highlights Average daily production of 12,181 Boepd Adjusted EBITDAX of $29.8 million Adjusted EBITDAX per Boe of $26.58 Operating Margin of $26.84 per Boe Capital expenditures of $78.6 million [...]
Earthstone Energy Inc. , announced today that its management will host a conference call on Thursday, November 7, 2019 at 12:00 p.m. Eastern to discuss the Company’s financial results for the third quarter 2019 and its outlook for the remainder of 2019. Prepared remarks by Frank A. Lodzinski, Chief Executive Officer, Robert J. Anderson [...]
Earthstone Energy Inc. , today announced financial and operating results for the quarter and six months ended June 30, 2019. Second Quarter 2019 Highlights Average daily production of 12,699 Boepd, 61% oil, 13% above the first quarter of 2019 and 44% above the second quarter of 2018, and a Company record level of daily production Adjusted EBITDAX [...]
Earthstone Energy Inc. announced today that its management will host a conference call on Wednesday, August 7, 2019 at 12:00 p.m. Eastern to discuss the Company’s financial results for the second quarter 2019 and its outlook for the remainder of 2019. Prepared remarks by Robert J. Anderson, President, and Mark Lumpkin, Jr., Executive Vice [...]
70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference The oil and gas companies presenting at EnerCom's 24th annual The Oil & Gas Conference® are largely independent exploration and production companies developing oil and gas assets. The conference affords oil and gas [...]
Benefit from the energy industry insight of an international integrated energy major EnerCom is pleased to announce that global oil and gas giant Eni, SpA Vice President Andrew Lees will deliver the keynote luncheon address at EnerCom's The Oil & Gas Conference® on Aug. 14, 2019. Eni, SpA Eni, SpA is an Italian global oil and gas and energy [...]
Earthstone Energy Inc. , today announced financial and operating results for the quarter ended March 31, 2019. First Quarter 2019 Highlights Average daily production of 11,209 Boepd Increased by 7% from the fourth quarter of 2018 Increased by 16% from the first quarter of 2018 Revenues of $40.7 million Flat as compared to the fourth quarter of [...]