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Eagle Ford Operator To Ramp Up Activity In 2H-2016
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Earthstone Energy, Inc. announced financial and operating results for the three month period ended June 30, 2016 and reiterates guidance for 2016.
Key Points:We currently plan to complete our 12 Eagle Ford well inventory in the third and fourth quarters of 2016. These wells are in four units located in Karnes County, Texas (33% operated working interest) and Fayette County, Texas (50% working interest), two of which are held by production and the other two are in the primary term of leases.
In addition, pending commodity prices, we plan to drill five to six gross Eagle Ford wells (33% to 50% operated working interest) in southwestern Gonzales County, Texas, beginning in the fourth quarter of 2016.
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