Current ESTE Stock Info

Targeting 12-12.5 MBOEPD production for 2018
Earthstone Energy, Inc. (ticker: ESTE) posted a net income of $2.3 million, or $0.09 per share in Q4 2017. For 2017, the company reported a net loss of $12.5 million, or $(0.53) per share.

In Q4 2017, the company produced on average 9,071 BOEPD. For the full year of 2017, the company had an average daily production of 7,869 BOEPD – a 97% increase over 2016, Earthstone said. Proved reserves were approximately 80 MMBOE.

President and CEO Frank A. Lodzinski commented, “In spite of the industry do...

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