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Earthstone Ups Spending 42% for 2021
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Earthstone Energy, Inc. reported its Q4/full year 2020 results as well as its 2021 guidance.
2021 Plan- Capex: $90-100 million - up 42% vs. 2020 levels of $66.8MM
Land & Infrastructure: $10 million
- Production: 19.5-21 MBOEPD - up 32% from 2020 output of 15.3 MBOEPD
- Wells Drilled: 21 gross wells (18.5 net) - down 28% from 29 gross wells in 2020 (however, net wells online is flat from 18 net wells online in 2020)
- Wells Online: 16 gross wells (13.5 net) - down 33% from 24 gross wells in 2020 (however, net wells online is flat from 13 net…
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