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 Stock


Company Overview

Earthstone Energy, Inc., a Delaware corporation, together with its consolidated subsidiaries, is a growth-oriented independent upstream oil and natural gas development and production company operating in the onshore United States. Our business strategy, which is discussed in greater detail below, is to increase stockholder value through acquiring, drilling, developing and producing undeveloped leases, purchasing oil and natural gas reserves and conducting exploration activities that currently involve oil-weighted projects. In addition, we actively seek mergers and acquisitions as part of our strategy.

Our reserve portfolio primarily consists of assets in the Midland Basin of west Texas, the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota. We have approximately 26,900 net acres in the core of the Midland Basin, of which 77% is operated and 23% is non-operated. We hold an 87% working interest in our operated acreage and a 38% working interest in our non-operated acreage. Our operated net acres in the Midland Basin are located in Reagan County (16,100), Upton County (3,300) and Midland County (1,300). Our non-operated net acres in the Midland Basin, totaling approximately 5,900 acres, are located in Howard, Glasscock, Martin and Midland Counties. We have approximately 21,000 net leasehold acres in the Eagle Ford trend, including approximately 18,500 operated net leasehold acres in the crude oil window in Karnes, Gonzales and Fayette Counties, with working interests ranging from approximately 25% to 50%, and 2,900 non-operated net leasehold acres in the natural gas and condensate window in La Salle County, with an average working interest of approximately 11%. In the Williston Basin, we have approximately 5,900 primarily non-operated net leasehold acres, with an average working interest of approximately 4%.

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

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