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May 25, 2015 5:56 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Earthstone Energy, Inc.

Company Overview

Earthstone Energy, Inc., an independent oil and gas exploration and production company, focuses on the acquisition, exploration, development, and production of onshore crude oil and natural gas reserves in the United States. Its properties are primarily located in the Eagle Ford shale trend of south Texas and in the Williston Basin of North Dakota and Montana. As of December 31, 2014, the company operated 49 gross Eagle Ford wells and 5 gross Austin Chalk wells, as well as had 22,192 thousand barrels of oil equivalent (MBOE) of total proved reserves, 9,800 MBOE of proved developed reserves, and 12,392 MBOE of proved undeveloped reserves. Earthstone Energy, Inc. was founded in 1969 and is hea...

1400 Woodloch Forest Drive

Suite 300

The Woodlands, TX 77380

United States

Founded in 1969

50 Employees

Phone:

281-298-4246

Fax:

281-298-4272

Key Executives for Earthstone Energy, Inc.

Chairman, Chief Executive Officer and President
Age: 64
Total Annual Compensation: $108.5K
Executive Vice President of Northern Region and Director
Age: 63
Total Annual Compensation: $182.9K
Executive Vice President of Geological & Geophysical
Age: 58
Total Annual Compensation: $102.8K
Executive Vice President of Corporate Development & Engineering
Age: 52
Total Annual Compensation: $107.8K
Compensation as of Fiscal Year 2014.

Earthstone Energy, Inc. Key Developments

Earthstone Energy, Inc. Announces Reaffirmation of its Borrowing Base at $80 Million

Earthstone Energy, Inc. announced that, as a result of its lenders' semiannual review, the borrowing base under its revolving credit facility has been reaffirmed at $80.0 million. Utilization currently includes $11.2 million of indebtedness and $0.3 million of letters of credit. The facility matures on December 19, 2018.

Earthstone Energy, Inc., Q1 2015 Earnings Call, May 18, 2015

Earthstone Energy, Inc., Q1 2015 Earnings Call, May 18, 2015

Earthstone Energy Seeks Acquisitions

Frank A. Lodzinski, President and Chief Executive Officer of Earthstone Energy, Inc. (AMEX:ESTE) said, "We have experienced these significant price downturns before and are confident that we will continue our growth and acquire additional assets. We continue to actively pursue corporate M&A and asset acquisition opportunities, including ground floor leasing if attractive at current prices."

Similar Private Companies By Industry

Company Name Region
NGAS Production Co. United States
South Akers Mining Company, LLC United States
Petrohawk Energy Corporation United States
O's Companies, Inc. United States
Eagle Energy Acquisitions LP United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 14, 2015
Earthstone Energy, Inc., 25 Producing Wells Primarily Located in Caddo and DeSoto Parishes
Merger/Acquisition
October 17, 2014
Eagle Ford Interests Fayette and Gonzales Counties Texas
 

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