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Current ESTE Stock Info

In its yearend earnings release, Earthstone Energy (ticker: ESTE) reported average daily production of 2,416 BOEPD, a 20% increase over 2013; it reported oil, natural gas, and NGL sales of $47.6 million, a 61% increase over 2013, Adjusted EBITDAX of $28.5 million, representing a 121% increase over 2013, and PV-10 of $344.8 million, a 175% increase from 2013.

Frank A. Lodzinski, President and Chief Executive Officer of Earthstone Energy, said in the company’s Q4 release that it had achieved this growth in only two years through a combination of development drilling, asset acquisitions and corporate M&A activities.

Lodzinski said the company’s goals include continued development of current assets and expansion of additional acreage positions. He said the company would continue to pursue M&A opportunities “aggressively but prudently.”

Earthstone Energy - ESTE - new websiteEarthstone’s property portfolio includes activities in the Eagle Ford trend of South Texas and in the Williston Basin in both North Dakota and Montana, including almost 38,000 net Eagle Ford and Bakken acres. In its recent investor presentation, management estimated the company has a total of approximately 783 gross drilling locations, with an average working interest of 25%.

In its April presentation, the company projects its 2015 capital spend at $85 million, allocating $72 million to drilling and completions and $13 million to land. The company earmarked 70% of its drilling and completion budget for its operated Eagle Ford – Gonzales/Fayette County properties ($38 million) and its Non-Operated Bakken properties ($12 million).

ESTE Launches New Website

To highlight the company to investors, Earthstone has launched a new website.

The new website, created by EnerCom, was designed to deliver corporate, financial and operations information within an updated design scheme, employing a content management system that lends itself to easy updates. The website delivers many ease-of-use features including right-hand navigation near the scroll bar. The new site also features a robust Investor Relations section providing easy access to all public company documentation.

The company’s April investor presentation may be accessed here.

A video interview with EVP Corporate Development & Engineering Robert Anderson, recorded at the 2015 EnerCom Oil and Services Conference™ may be viewed here.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.


Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.