Earthstone Energy (ESTE) Announces Operations Update and 2018 Guidance
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Earthstone Energy, Inc. Provides Operations Update and 2018 Guidance
January 22, 2018 4:05 PM EST
Current Production of 10,700 Boepd
2016 to 2017
Year-over-Year Growth of ~95%
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Earthstone Energy, Inc. (NYSE: ESTE) (Earthstone, the Company or we), today provided an operations update and 2018 guidance. The Company has estimated its oil and gas sales volumes for the fourth quarter of 2017 at approximately 824,000 Boe or an average of approximately 8,955 Boepd (66% oil, 83% liquids). For the year ended December 31, 2017, the Company estimates its annual sales volumes at 2.86 million Boe, or an average 7,840 Boepd as compared to 4,002 Boepd reported for the year ended December 31, 2016,... More
