Earthstone Energy presents at EnerCom’s The Oil & Gas Conference®

Earthstone Energy (ticker: ESTE) is a growth-oriented independent energy company engaged in developing and operating oil and gas properties.  The Company’s primary assets are located in the Midland Basin of west Texas and the Eagle Ford trend of south Texas.

Q2 highlights

  • Revenues of $37.2 million
  • Average daily production of 8,845 Boepd(1)
  • Adjusted EBITDAX(2) of $20.5 million
  • Net income of $1.5 million
  • Net income attributable to Earthstone Energy, Inc. of $0.7 million, or $0.02 per diluted share
  • Capital expenditures of $52.0 million

Breakout session at the EnerCom conference

During Earthstone Energy’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • You talked about 3 wells coming out soon, 1 in the following month, can you talk about which ones are coming out?
  • In previous areas, have you had water issues where you had to pull the well back a little bit. Is that the case with these too?
  • Once things are more developed down in the southeastern county, is that another horizon that could revive the area?
  • Can you talk a bit about takeaway and long haul? Can you speak in detail about how you go about considering when to act on ideas?
  • You mentioned development planning; if we’re looking at 2019 numbers, what do we need to think about for impact from offset fracs?
  • What’s the range of time for a well that’s been knocked off to come back?
  • What will the drilling plan look like for 2019?
  • Can you talk about expectations for service cost inflation for 2019?
  • What’s the breakdown of future drilling sites between one economic model and another? What about from a working interest standpoint?
  • Are you doing any wells in Howard County with Crown Quest?
  • Could you talk a bit about deal flow and what you’re seeing as far as opportunities?
  • For 2019, when do you potentially see a second rig coming on? Are the differentials playing a role in that?

You can listen to Earthstone’s presentation here.

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