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Earthstone To Increase Eagle Ford Ops In 2019; Permian Flat

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Earthstone To Increase Eagle Ford Ops In 2019; Permian Flat

Earthstone Energy has detailed its planned 2019 guidance, which features increased capital spending as well as a sizable jump in gross drilling activity.

Details:

- 2019 Capex: $190 million (up +36% from $140 spent in 2018)

- 2019 Production Guidance: 11,000-12,000 BOEPD (up +10% from 2018 Q4 production)

- Rig Program: One rig running

- Wells: Drill 43 (20 net) wells / TIL 39 (18.3 net) wells

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