Quarterly / Earnings Reports | Third Quarter (3Q) Update | Production Rates
Earthstone Tags 9,671 BOEPD in Q3 Production; Up +22% from Q2
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Earthstone reported its Q3 2017 results. Highlights include:
Average daily production of 9,671 Boepd (up +22% from 7,932 BOEPD in Q2 2017)
Midland Basin Position Established: Includes some 27,000 net acres and approximately 7,000 Boepd
- CEO Frank Lodzinski talked about the company's future focus on the Midland Basin, stating "As previously announced we have and expect to divest of lower margin properties in order to streamline operations and generate added liquidity that can be deployed into both incremental acreage acquisitions and our drilling and completion operations in the Midland Basin."
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