Use the link below to sign up for the luncheon. Simply enter your name and email address before submitting and you will be registered for the event.
Monday, July 16
11:30 am to 1:00 pm
Total Seats: 100
Frank Lodzinski, CEO
Monday, July 16th, 2018: Earthstone Energy will be hosting our luncheon at The Hess Club. Doors open at 11:00 am, Lunch is served at 11:30 am, Presentations begin at 12:00 pm. EPG Members can attend for FREE and non-members are welcome at a cost of $40 if they register on our website or $50 at the door. SEATING IS LIMITED so please register early to reserve your seat.
Earthstone Energy, Inc. (ESTE) is in the newest addition to our Sweet 16 Growth Portfolio. Through a series of strategic mergers and acquisitions, the Company has established a significant position in the Permian Basin. From Q1 2018 production of 9,664 Boe per day, Earthstone now has a clear path to 15,000 Boepd of production by the end of this year.
Earthstone is a growth-oriented upstream oil & gas company. It is traded on the NYSE under the symbol “ESTE.” The corporate headquarters are located in The Woodlands, Texas.
Earthstone has a well-respected management team led by Frank Lodzinski the CEO and Robert Anderson the President. Frank’s team built Oak Valley Resources (a private company) after they sold GeoResources, Inc. to Halcon Resources Corp. (HK) in August 2012. Oak Valley completed a reverse merger into Earthstone Energy in 2014 to go public.
On May 18, 2016 Earthstone closed an all-stock merger with Lynden Energy Corp. (TSX.V: LVL) that added approximately 5,900 net acres in the sweet spot of the Midland Basin, a sub-basin of the West Texas Permian Basin. The merger added net production of 1,130 Boepd, and 100 gross horizontal locations.
On November 8, 2016 Earthstone announced the acquisition of Bold Energy III LLC (BOLD), a merger which significantly increased Earthstone’s running room in the Midland Basin. The all-stock transaction to combine with Bold closed on May 9, 2017. It added current production of ~2,300 Boepd. By the end of 2017, Earthstone’s production grew to over 9,500 BOE per day. Today the company’s production mix is approximately 63% crude oil, 19% NGLs and 18% natural gas.
Title: EPG Member Services