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Earthstone Energy Inc.
67 articles mentioning Earthstone Energy Inc. · Page 2 of 4
Earthstone Finalizes Acquisition of Midland-Focused Independence Resources
Earthstone Energy Inc. has completed the acquisition of Independence Resources Management. The aggregate purchase price for the acquisition was approximately $182.0 million. Independence Resources is backed by Warburg Pincus. Mr. Robert J. Anderson, President and CEO...
Earthstone Energy Third Quarter 2020 Results
Earthstone Energy, Inc. reported its Q3 2020 results. Third Quarter 2020 Highlights: Average daily production of 16,959 Boepd Adjusted EBITDAX of $36.4 million ($23.33 per Boe) All-in cash costs of $9.18 per Boe Operating Margin of...
Permian E&P Borrowing Base Cut -13%; Shoring Up Balance Sheet
Earthstone Energy reported that its borrowing base was cut from $275 million to $240 million (-13%). Total outstanding debt is now $130 million vs $168.6 million as of June 30, 2020. Robert J. Anderson, President and...
Earthstone Energy Second Quarter 2020 Results
Earthstone Energy Inc. reported its Q2 2020 results. Second Quarter 2020 Highlights Average daily production of 13,555 Boepd Adjusted EBITDAX of $39.8 million ($32.30 per Boe) All-in cash costs of $10.11 per Boe Operating Margin of...
Earthstone Wraps Up 2020 Drilling, Releases Rig; Puts Curtailments Back Online
Earthstone Energy, Inc. has provided an update to its operations and 2020 production guidance. Wraps Up 2020 Drilling, Releases Rig In late May, Earthstone concluded its 2020 drilling program and released the contracted rig operating in...
Earthstone Energy First Quarter 2020 Results
Earthstone Energy, Inc. reported its Q1 2020 results. First Quarter 2020 Highlights Average daily production of 15,767 Boepd Adjusted EBITDAX of $38.2 million ($26.63 per Boe) All-in cash costs of $12.92 per Boe Capital expenditures of...
Earthstone's Lenders Cut Borrowing Base 15% to $275MM
Earthstone Energy Inc.'s credit redetermination has been completed with the borrowing base now set at $275 million, representing a 15% decrease from the previous borrowing base of $325 million. As of March 31, 2020, Earthstone had...
Permian E&P Cuts Drilling 84% for 2020
Earthstone Energy Inc. has updated its 2020 capital plan. Adjusted capital budget for 2020 of $50 - $60 million - this is down 67% from its initial $165MM budget and down 73% from 2019. Earthstone plans...
Earthstone Energy Details Changes to Executive Team
Earthstone Energy, Inc. announced that its current Chairman and Chief Executive Officer, Mr. Frank A. Lodzinski, will be appointed Executive Chairman and its current President, Mr. Robert J. Anderson, will be appointed Chief Executive Officer and...
Earthstone IDs 2020 Budget; Spending, Drilling Down ~13%
Earthstone Energy, Inc. reported its Q4 results as well as its 2020 capital plan. 2020 Guidance The Company's 2020 capital budget of $160-170 million assumes a one-rig operated program on its acreage in the Midland Basin...
Earthstone Reports Q3 Midland Basin, Eagle Ford Results, Ops
Earthstone Energy, Inc. reported its Q3 2019 results. Third Quarter 2019 Highlights Average daily production of 12,181 Boepd(1) Adjusted EBITDAX(2) of $29.8 million Adjusted EBITDAX(2) per Boe of $26.58 Operating Margin(2) of $26.84 per Boe ($30.15...
Earthstone Ramps Up Eagle Ford Activity While Midland Drops in Q1
Earthstone Energy Inc. reported its Q1 2019 results. Here are the highlights from its report and presentation. Q1 Summary - Well Activity (gross): Drilled 10 wells Midland Basin: Three completions - down -63% YOY Eagle Ford:...
Four (4) Eagle Ford Operators Will Likely Sell 100k Net Acres This Year: Maps
After analyzing 4Q 2018 earnings call from these four E&P companies, we found that their Eagle Ford properties could be potential divestiture candidates. Below is how each company responded to questions regarding where the Eagle Ford...
2019 Capex / Production Comparison YOY: Permian Basin
As E&Ps begin to release 2019 operating plans, Shale Experts is taking a look at how the spending and production is changing YOY. We looked at major operators in the Permian Basin below. *Several companies have...
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)...
Earthstone Energy, Sabalo Terminate Merger Agreement
Earthstone Energy and Sabalo Holdings LLC have agreed to terminate their previously announced merger agreement. The deal, whereby Earthstone would acquire Sabalo for $950MM, was struck in October 2018. The companies siad the decision was due...
Permian E&P Cancels $1.0 Billion Acquisition; Cites Weak Oil Prices
Earthstone Energy, today said it is abondoning its plans to acquire Sabalo Energy. When the deal was annouced oil price (WTI) was $71/bbl, prices today are $43./bbl. The company said."due to the recent significant decline in...
Earthstone's Output Growth Stalls in Q2; IPs Hit by Inadequate Disposal Capacity
Earthstone Energy reported its Q2 2018 results. Production - Growth Slows Down in Recent Months - Q2 production of 8,845 BOEPD (up +12% YOY and down -8% from 1Q18) While Earthstone saw a sizable production jump...
Earthstone's Borrowing Base Increased 22% to $225 Million
Earthstone Energy's borrowing base has been increased to $225 million. This is an increase of 22% from $185 million previously. The Company has also entered into an amendment to its Credit Facility, which provides for a...
Earthstone Ramps Up Production +104% YOY to 9,600 BOEPD; Midland, Eagle Ford
Earthstone Energy has reported its Q1 2018 operations update for its South Texas Eagle Ford and Permian / Midland Basin asset including production and drilling activity.