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Join SafeHouse Denver and Support Survivors of Domestic Violence: Virtual Sampling for Hope!
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Natural Gas Services Group, Inc Announces Closing of $20 Million Credit Facility with Texas Capital Bank
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Large PDP base with estimated PV-10
(3) as of 12/1/20 of approximately $173 million from 16.3 MMBoe of reserves
(4)
Approximately 4,900 core net acres (100% HBP, 93% operated) in Midland and Ector counties
Inventory of 70 high-quality undeveloped horizontal locations with an average IRR of 45% at strip pricing as of 11/30/20
Inventory targeting the Middle Spraberry, Lower Spraberry and Wolfcamp A zones
Additional potential locations in the Jo Mill, Wolfcamp B and Wolfcamp D zones
Additional 38,500 net acres (100% HBP, 100% operated) in the eastern Midland Basin
Pro forma impact on Earthstone includes:
52% increase to pro forma 3Q20 production from ~17,000 Boepd to ~25,700 Boepd
50% increase to pro forma LTM Adjusted EBITDAX as of 9/30/20 from $164 million to $246 million
Earthstone Energy Announces Significant Midland Basin Acquisition – IT Business Net
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