Earthstone Energy

Website

Website

Address

1400 Woodloch Forest Drive, Suite 300
The Woodlands, Texas 77380

Phone

281.298.4246

Company Description

Earthstone Energy independent oil and gas exploration company focusing on the fundamentals of company growth and profitability in an effort to enhance shareholder wealth. 

Earthstone Energy 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 and the Eagle Ford Trend of south Texas.

Operations

Earthstone is a growth-oriented independent oil and natural gas development and production company. The company is active in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. The Company’s operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States, primarily located in the Midland Basin and the Eagle Ford Trend.

The Midland Basin encompasses a 13,000 square mile area of West Texas. It contains all or parts of 20 counties in West Texas, ranging from Terry and Lynn on the north to Crockett and Schleicher on the south. Much of the tight oil development in the Midland Basin has occurred in the center of the basin, primarily in Martin, Midland, Upton, Howard, Glasscock, and Reagan counties at depths of 7,000 feet (ft) to 10,000 ft

Eagle Ford in Texas is the most mature tight oil play in the Lower 48 current, oil and natural gas production of 2.5 million barrels of oil equivalent per day. Measuring 400 miles long and 50 miles wide along the Texas Gulf Coast, the Eagle Ford basin is spread over 12,000 square miles in South and central Texas.