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Earthstone To Focus 2016 Capital On Eagle Ford, Permian
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Earthstone Energy, Inc. announced financial and operating results for the three and twelve month periods ended December 31, 2015.
Preliminary GuidanceThe following preliminary guidance is subject to significant and material changes. For purposes of this preliminary guidance, we have assumed that the Lynden acquisition closes at the end of April 2016, and, therefore, the values and metrics provided below include estimated contributions from Lynden's assets for the period of May 2016 through December 2016. It is currently the intent of management to keep capital expenditures within operating cash flow. Management intends to adjust these estimates as required as we move through closing of the Lynden transaction and 2016.
Frank A. Lodzinski, President and Chief Executive Officer of…
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