About

Who We Are

We are an independent oil and gas exploration company focusing on the fundamentals of company growth and profitability in an effort to enhance shareholder wealth. Our company is comprised of seasoned industry professionals who have been associated with the company for a long time. We are survivors with a management track record in both good times and bad. We have an established production base that generates positive cash flow and profits.

Our focus on growth is aimed at discovering new sources of oil and natural gas reserves, acquiring strategically significant properties and boosting cash flows from existing oil and gas production. Our activities are intended to capitalize on our knowledge and presence currently in the Midland Basin of west Texas, Eagle Ford Trend of south Texas, and the Williston Basin of North Dakota.


Why Invest In Earthstone Energy?

  • Increasing reserves and production
  • Solid Balance Sheet and Fundamentals
  • Proven, Stable Management
  • Emerging Small Cap Value Sock


Company Overview

Earthstone Energy, Inc., a Delaware corporation formed in 1969, is a growth-oriented independent oil and natural gas exploration and production company focused on the acquisition, development, exploration and production of onshore, crude oil and natural gas reserves. Our strategy, which is discussed in greater detail below, is to deliver competitive and sustainable rates of return to our stockholders by developing and acquiring oil and natural gas reserves through an active and diversified program that includes the acquisition, drilling and development of undeveloped leases, purchases of reserves and exploration activities that currently involve oil-weighted projects.

Our operations are all in the upstream segment of the oil and natural gas industry and are conducted onshore in the United States. Our primary asset portfolio includes activities in the Midland Basin of west Texas, Eagle Ford trend of south Texas, and the Williston Basin of North Dakota. We also own other operated and non-operated properties in east and south Texas and eastern Oklahoma, which are currently contributing to cash flow, but may be divested in the future.

We have accumulated approximately 21,500 net leasehold acres in the Eagle Ford trend of south Texas, including 18,600 net leasehold acres in the crude oil window in Karnes, Gonzales, and Fayette Counties and 2,900 net leasehold acres located in the natural gas and condensate window in La Salle County. We serve as the operator for substantially all of our Fayette County and Gonzales County acreage with working interests ranging from 33% to 50% and we are a non-operator with respect to our La Salle County acreage with working interests ranging from 10% to 15%. We are also non-operator with respect to our properties in the Midland Basin and Williston Basin. We continuously evaluate opportunities to expand our acreage and our producing assets through acquisitions. Our successful acquisition of assets will depend on the opportunities and the financing alternatives available to us at the time we consider such opportunities.

Our corporate headquarters is located in The Woodlands, Texas. We also have an operating office in Denver, Colorado and two field offices in south Texas. Our common stock is traded on the NYSE MKT under the symbol “ESTE”.