Earthstone Energy

#3748

Rank

$2.01B

Marketcap

United States

Country

Leadership team

Mr. Frank A. Lodzinski (Exec. Chairman)

Mr. Robert J. Anderson (CEO, Pres & Director)

Mr. Mark Lumpkin Jr. (Exec. VP & CFO)

Products/ Services

Industrial, Oil and Gas

Number of Employees

50 - 100

Headquarters

The Woodlands, Texas, United States

Established

1969

Company Registration

SEC CIK number: 0000010254

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

ESTE

Social Media

URL

https://www.earthstoneenergy.com

Overview

Location

Recognition and Award

References

Summary

Earthstone Energy, Inc., an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The company's asset portfolio includes the Midland Basin of West Texas, Delaware Basin in New Mexico, and the Eagle Ford trend of south Texas. As of December 31, 2021, it operated 120 gross Eagle Ford wells, as well as had 147,587 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 93,575 MBOE of proved developed reserves and 54,012 MBOE of proved undeveloped reserves. Earthstone Energy, Inc. was incorporated in 1969 and is headquartered in The Woodlands, Texas.

History

Earthstone Energy was formed in 2015 through a merger between Earthstone Resources Inc. and Stack Energy Corporation. Earthstone Resources was founded in 1998 as an acquisitive oil and gas company with operations primarily in the Permian Basin. Stack Energy was established in 2011 and focused on developing its oil-weighted operations in the Permian Basin. Then in May 2015, Earthstone Resources merged with Stack Energy and the company’s plan was to continue with its oil-weighted operations in the Permian Basin with an emphasis on horizontal drilling.

Mission

Earthstone Energy is focused on continuing to invest in oil-weighted opportunities in the Permian Basin in order to grow shareholder value. We are committed to maximizing capital efficiency, operating cost control and maintaining a stellar safety record.

Vision

Earthstone Energy is committed to maximizing shareholder value through its core strategies of acquiring, developing and optimizing hydrocarbon properties in the Permian Basin.

Key Team

Mr. Steven C. Collins (Exec. VP & Chief Operating Officer)

Mr. Tony Oviedo CPA (Exec. VP of Accounting & Admin.)

Mr. Timothy D. Merrifield (Exec. VP of Geology & Geophysics)

Mr. Robert W. Hunt Jr., J.D. (EVP & Gen. Counsel)

Mr. Leonard W. Wood (VP of Exploration & Devel.)

Mr. William A. Wiederkehr Jr. (VP of Financial Reporting & Tax and Corp. Sec.)

Mr. Scott Thelander (VP of Fin.)

Recognition and Awards

Earthstone Energy has received numerous awards for its commitment to safety, environmental responsibility, and operational efficiency, including recognition from the Texas Alliance of Energy Producers and the Texas Oil and Gas Association for outstanding safety performance. In 2017, Earthstone Energy was named one of the top ten independent oil and gas producers in Texas by the Texas Independent Producers and Royalty Owners Association.