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Stock impact report

Earthstone Completes Tracker Acquisition and Updates Guidance & Operations

Earthstone Energy, Inc. Class A (ESTE) 
NASDAQ:AMEX Investor Relations: investor.earthstoneenergy.com
Company Research Source: PR Newswire
THE WOODLANDS, Texas, July 20, 2021 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "our" or "we"), today announced that it has completed the previously announced acquisition of privately held operated assets located in the Midland Basin from Tracker Resource Development III, LLC and an affiliate ("Tracker") and from affiliates of Sequel Energy Group LLC, which hold well-bore interests in certain of the producing wells operated by Tracker (collectively, the "Tracker Acquisition").  The Company also updated its 2021 guidance, provided an operational update, and provided an estimate of mid-year 2021 proved reserves.The Company estimates its oil and gas sales volumes for the second quarter of 2021 to be approximately 2.07 MMBoe or an average of 22,716 Boe/d (52% oil, 76% liquids).  The Company also has provided its estimate of mid-year 2021 proved reserves based on SEC pricing as of June 30, 2021, on a standalone basis as well as based on NYMEX strip pr Show less Read more
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