Latest Earthstone Energy (ESTE) Headlines
FTTN: Oklahoma Well on Track to Meet Projections
Business Wire - Tue Mar 11, 4:00AM CDT
First Titan Corp. (OTCBB: FTTN) announced today it has received a report from the operator of its interest in a well in Oklahoma, and after completing initial test production, the company is confident the well possesses the potential to meet its initial production projections.
Earthstone Energy Inc posts higher net income of USD933,000 for Q3
M2 - Mon Feb 17, 4:42AM CST
Oil & gas company Earthstone Energy Inc (NYSE MKT:ESTE) on Friday reported a net income of USD933,000 (USD0.54 per diluted share) for the third quarter of fiscal 2014.
Earthstone Energy Reports 3rd Quarter Results
Marketwire - Fri Feb 14, 7:28AM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported net income of $933,000, $0.54 per diluted share, on revenue of $4.5 million for the third quarter of fiscal 2014 compared to net income of $370,000, $0.22 per diluted share, on revenue of $2.8 million for the third quarter of fiscal 2013. For the nine months ending December 2013, the Company reported net income of $2,850,000, $1.65 per diluted share, on revenue of $12.7 million compared to net income of $1,126,000, $0.65 per diluted share, on revenue of $8.0 million for the same period ended December 2012. Total revenue and net income increased $1,640,000 (58%) and $563,000 (152%), respectively, from the comparable three month prior year period. These results were due to both increases in oil and gas sales volumes and oil and gas prices in 2013 as compared to 2012. Other factors which contributed to our quarterly results are disclosed in the Company's most recent Form 10-Q.
Earthstone Energy Named Among "Fastest-Growing Companies" by Oil & Gas Financial Journal
Marketwire - Tue Feb 11, 2:57PM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported today that the February 2014 issue of the Oil & Gas Financial Journal (OGFJ) named Earthstone among the Fastest-Growing Companies for the third calendar quarter of 2013 (the most recent data). The OGFJ ranks U.S. based, publicly traded oil and gas producers quarterly in its "OGJ 150/100" article. Although primarily ranked in terms of assets, companies are additionally ranked on nine other US-based benchmarks, including the fastest growing category. While the Company was ranked 100th in terms of assets, it was ranked 5th Fastest Growing and 8th in Return on Stockholder's Equity.
Earthstone Energy Furnishes 2nd Quarter Operations Update
Marketwire - Fri Nov 08, 7:01AM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) furnished an update of its current operational activities along with activities for its 2nd fiscal quarter, ended September 30, 2013.
Earthstone Energy Inc reports start of completion operations of deep Pennsylvanian test in Cheyenne County, Nebraska
M2 - Mon Sep 09, 3:01AM CDT
Oil and gas company Earthstone Energy Inc (NYSE MKT:ESTE) said on Friday that it has commenced completion operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska.
Earthstone Energy Reports on Nebraska Completion
Marketwire - Fri Sep 06, 5:56PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company has begun completion operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska. During drilling operations, the Schmale 34-20 reached a total depth of 6,550 feet and was cased to 6,200 feet in order to more fully test the productive capacity of the well. During completion operations, two zones were tested; one in a Pennsylvanian age interval and one in a Permian age interval. While some oil was recovered, at this time, volumes are not sufficient to warrant building production facilities. The Company and its partners have suspended operations and are assessing further actions which could include further stimulation to existing zones, testing additional zones or plugging the well. The Company expects to resume operations in the next thirty days. Earthstone is the Operator of the well and has a 45% working interest in this venture. The remaining ownership in this project is held by unrelated, privately-held, third parties. As previously disclosed, the Company has acquired approximately 70 square miles of 3D seismic data and 30,000 acres of leasehold in the area; primarily in Cheyenne County.
Earthstone Energy Reports 1st Quarter Results
Marketwire - Mon Aug 12, 4:15PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported net income of $693,000, or $0.40 per diluted share, on revenue of $3,595,000 for the first quarter of fiscal 2014, ended June 30, 2013 (2013). This compares to net income of $270,000, or $0.16 per diluted share, on revenue of $2,347,000 for the first quarter of fiscal 2013, ended June 30, 2012 (2012). Total revenue and net income increased $1,248,000 (53%) and $423,000 (157%), respectively, from 2012. These increases were due to both higher oil and gas sales volumes and higher oil and natural gas prices in 2013 relative to 2012. Other factors which contributed to the quarterly results are disclosed in the Company's most recent Form 10-Q.
Earthstone Energy Inc concludes drilling operations of Nebraska well
M2 - Mon Jul 15, 4:41AM CDT
Oil and gas company Earthstone Energy Inc (NYSE MKT:ESTE) said on Friday that it has completed drilling of its The Schmale 34-20 under its first deep Pennsylvanian test in Nebraska.
Earthstone Energy Concludes Nebraska Drilling Operation
Marketwire - Fri Jul 12, 7:30AM CDT
Earthstone Energy, Inc. (NYSE MKT: ESTE) reported that the Company has concluded drilling operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska. The Schmale 34-20, located in Sec 20, Township 15 North Range 47 West, Cheyenne County, Nebraska, reached a total depth of 6,550 feet. The Company and its partners have agreed to run casing in the well and perform various tests in an attempt to establish production. As previously disclosed, the Company has acquired approximately 70 square miles of 3D seismic data and 30,000 acres of leasehold; primarily in Cheyenne County. The Company anticipates drilling one or two more wells over the next 18 months to enhance its geologic model. Earthstone is the Operator of the well and has a 45% working interest in this venture.
Earthstone Energy Named Among "Top Companies" by Oil & Gas Financial Journal
Marketwire - Mon Jul 08, 7:30AM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported today that the May 2013 issue of the Oil & Gas Financial Journal (OGFJ) named Earthstone among the Top Companies for the fourth calendar quarter of 2012 (the most recent data). The OGFJ ranks U.S. based, publicly traded oil and gas producers quarterly in its "OGFJ150" article. Although primarily ranked in terms of assets, companies are additionally ranked on eleven other benchmarks. While the Company was ranked 104th in terms of assets, it was ranked 7th in Return on Assets and 9th in Return on Revenue.
Earthstone Energy Inc reports drilling operations at Nebraska project
M2 - Tue Jul 02, 4:19AM CDT
Oil and gas company Earthstone Energy Inc (NYSE MKT: ESTE) announced on Monday the start of drilling operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska.
Earthstone Energy Reports 2013 Fiscal Year End Results
Marketwire - Thu Jun 13, 4:56PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) (Earthstone or the Company) reported net income of $1,780,000, or $1.03 per diluted share, on revenue of approximately $11.4 million for the fiscal year end March 31, 2013 (2013). This compares with net income of $3,279,000, or $1.92 per diluted share, on revenue of approximately $11.7 million for the fiscal year end March 31, 2012 (2012). The $334 thousand (3%) decrease in revenue and $1.5 million (46%) decrease in net income was primarily due to lower oil prices, significantly higher depletion costs and an increase in G&A expense. Noteworthy to the decline in revenue was a decrease in gas sales volume following the sale of our Colorado gas properties in the last fiscal quarter 2012. Other factors which contributed to our annual results are disclosed in the Company's Form 10-K for the fiscal year ended March 31, 2013.
Earthstone Energy Reports Nebraska Venture
Marketwire - Tue Jun 11, 7:31AM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company recently applied for a drilling permit in Nebraska in preparation for a deep Pennsylvanian test of the Virgil Formation. Earthstone expects to drill its first Nebraska well, the Schmale 33-20, by mid-summer to a depth of approximately 6,500 feet. The well is located in Sec 20, Township 15 North Range 47 West, Cheyenne County, Nebraska. In conjunction with this effort, the Company has acquired approximately 70 square miles of 3D seismic data and 30,000 acres of leasehold; primarily in Cheyenne County. The Company anticipates drilling one or two more wells over the next 18 months to define its geologic concept. Earthstone will be the Operator and has a 45% working interest in this venture.
Earthstone Energy Inc finalises new USD25m bank credit facility
M2 - Fri Jan 04, 6:27AM CST
Oil & gas company Earthstone Energy Inc (NYSE MKT:ESTE) revealed on Thursday a new USD25m bank credit facility with The Bank of Oklahoma, located in Denver, Colorado.
Earthstone Finalizes New Loan Facility
Marketwire - Thu Jan 03, 7:31AM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported today that, on December 21, 2012, it established a new bank credit facility with The Bank of Oklahoma, located in Denver, Colorado. This facility replaces the Company's previous line-of-credit with American National Bank that expired on December 31, 2010. Under the terms of its new loan agreement the Company has a twenty five million dollar ($25,000,000) line of credit with an initial borrowing base of six million dollars ($6,000,000). The loan facility is collateralized by some of the Company's producing properties. The loan agreement is set to expire on December 20, 2017.
FTTN: Oklahoma Well on Track to Meet Projections
Business Wire - Tue Mar 11, 4:00AM CDT
First Titan Corp. (OTCBB: FTTN) announced today it has received a report from the operator of its interest in a well in Oklahoma, and after completing initial test production, the company is confident the well possesses the potential to meet its initial production projections.
Earthstone Energy Inc posts higher net income of USD933,000 for Q3
M2 - Mon Feb 17, 4:42AM CST
Oil & gas company Earthstone Energy Inc (NYSE MKT:ESTE) on Friday reported a net income of USD933,000 (USD0.54 per diluted share) for the third quarter of fiscal 2014.
Earthstone Energy Reports 3rd Quarter Results
Marketwire - Fri Feb 14, 7:28AM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported net income of $933,000, $0.54 per diluted share, on revenue of $4.5 million for the third quarter of fiscal 2014 compared to net income of $370,000, $0.22 per diluted share, on revenue of $2.8 million for the third quarter of fiscal 2013. For the nine months ending December 2013, the Company reported net income of $2,850,000, $1.65 per diluted share, on revenue of $12.7 million compared to net income of $1,126,000, $0.65 per diluted share, on revenue of $8.0 million for the same period ended December 2012. Total revenue and net income increased $1,640,000 (58%) and $563,000 (152%), respectively, from the comparable three month prior year period. These results were due to both increases in oil and gas sales volumes and oil and gas prices in 2013 as compared to 2012. Other factors which contributed to our quarterly results are disclosed in the Company's most recent Form 10-Q.
Earthstone Energy Named Among "Fastest-Growing Companies" by Oil & Gas Financial Journal
Marketwire - Tue Feb 11, 2:57PM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported today that the February 2014 issue of the Oil & Gas Financial Journal (OGFJ) named Earthstone among the Fastest-Growing Companies for the third calendar quarter of 2013 (the most recent data). The OGFJ ranks U.S. based, publicly traded oil and gas producers quarterly in its "OGJ 150/100" article. Although primarily ranked in terms of assets, companies are additionally ranked on nine other US-based benchmarks, including the fastest growing category. While the Company was ranked 100th in terms of assets, it was ranked 5th Fastest Growing and 8th in Return on Stockholder's Equity.
Earthstone Energy Furnishes 2nd Quarter Operations Update
Marketwire - Fri Nov 08, 7:01AM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) furnished an update of its current operational activities along with activities for its 2nd fiscal quarter, ended September 30, 2013.
Earthstone Energy Inc reports start of completion operations of deep Pennsylvanian test in Cheyenne County, Nebraska
M2 - Mon Sep 09, 3:01AM CDT
Oil and gas company Earthstone Energy Inc (NYSE MKT:ESTE) said on Friday that it has commenced completion operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska.
Earthstone Energy Reports on Nebraska Completion
Marketwire - Fri Sep 06, 5:56PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company has begun completion operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska. During drilling operations, the Schmale 34-20 reached a total depth of 6,550 feet and was cased to 6,200 feet in order to more fully test the productive capacity of the well. During completion operations, two zones were tested; one in a Pennsylvanian age interval and one in a Permian age interval. While some oil was recovered, at this time, volumes are not sufficient to warrant building production facilities. The Company and its partners have suspended operations and are assessing further actions which could include further stimulation to existing zones, testing additional zones or plugging the well. The Company expects to resume operations in the next thirty days. Earthstone is the Operator of the well and has a 45% working interest in this venture. The remaining ownership in this project is held by unrelated, privately-held, third parties. As previously disclosed, the Company has acquired approximately 70 square miles of 3D seismic data and 30,000 acres of leasehold in the area; primarily in Cheyenne County.
Earthstone Energy Reports 1st Quarter Results
Marketwire - Mon Aug 12, 4:15PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported net income of $693,000, or $0.40 per diluted share, on revenue of $3,595,000 for the first quarter of fiscal 2014, ended June 30, 2013 (2013). This compares to net income of $270,000, or $0.16 per diluted share, on revenue of $2,347,000 for the first quarter of fiscal 2013, ended June 30, 2012 (2012). Total revenue and net income increased $1,248,000 (53%) and $423,000 (157%), respectively, from 2012. These increases were due to both higher oil and gas sales volumes and higher oil and natural gas prices in 2013 relative to 2012. Other factors which contributed to the quarterly results are disclosed in the Company's most recent Form 10-Q.
Earthstone Energy Inc concludes drilling operations of Nebraska well
M2 - Mon Jul 15, 4:41AM CDT
Oil and gas company Earthstone Energy Inc (NYSE MKT:ESTE) said on Friday that it has completed drilling of its The Schmale 34-20 under its first deep Pennsylvanian test in Nebraska.
Earthstone Energy Concludes Nebraska Drilling Operation
Marketwire - Fri Jul 12, 7:30AM CDT
Earthstone Energy, Inc. (NYSE MKT: ESTE) reported that the Company has concluded drilling operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska. The Schmale 34-20, located in Sec 20, Township 15 North Range 47 West, Cheyenne County, Nebraska, reached a total depth of 6,550 feet. The Company and its partners have agreed to run casing in the well and perform various tests in an attempt to establish production. As previously disclosed, the Company has acquired approximately 70 square miles of 3D seismic data and 30,000 acres of leasehold; primarily in Cheyenne County. The Company anticipates drilling one or two more wells over the next 18 months to enhance its geologic model. Earthstone is the Operator of the well and has a 45% working interest in this venture.
Earthstone Energy Named Among "Top Companies" by Oil & Gas Financial Journal
Marketwire - Mon Jul 08, 7:30AM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported today that the May 2013 issue of the Oil & Gas Financial Journal (OGFJ) named Earthstone among the Top Companies for the fourth calendar quarter of 2012 (the most recent data). The OGFJ ranks U.S. based, publicly traded oil and gas producers quarterly in its "OGFJ150" article. Although primarily ranked in terms of assets, companies are additionally ranked on eleven other benchmarks. While the Company was ranked 104th in terms of assets, it was ranked 7th in Return on Assets and 9th in Return on Revenue.
Earthstone Energy Inc reports drilling operations at Nebraska project
M2 - Tue Jul 02, 4:19AM CDT
Oil and gas company Earthstone Energy Inc (NYSE MKT: ESTE) announced on Monday the start of drilling operations on its first deep Pennsylvanian test in Cheyenne County, Nebraska.
Earthstone Energy Reports 2013 Fiscal Year End Results
Marketwire - Thu Jun 13, 4:56PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) (Earthstone or the Company) reported net income of $1,780,000, or $1.03 per diluted share, on revenue of approximately $11.4 million for the fiscal year end March 31, 2013 (2013). This compares with net income of $3,279,000, or $1.92 per diluted share, on revenue of approximately $11.7 million for the fiscal year end March 31, 2012 (2012). The $334 thousand (3%) decrease in revenue and $1.5 million (46%) decrease in net income was primarily due to lower oil prices, significantly higher depletion costs and an increase in G&A expense. Noteworthy to the decline in revenue was a decrease in gas sales volume following the sale of our Colorado gas properties in the last fiscal quarter 2012. Other factors which contributed to our annual results are disclosed in the Company's Form 10-K for the fiscal year ended March 31, 2013.
Earthstone Energy Reports Nebraska Venture
Marketwire - Tue Jun 11, 7:31AM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company recently applied for a drilling permit in Nebraska in preparation for a deep Pennsylvanian test of the Virgil Formation. Earthstone expects to drill its first Nebraska well, the Schmale 33-20, by mid-summer to a depth of approximately 6,500 feet. The well is located in Sec 20, Township 15 North Range 47 West, Cheyenne County, Nebraska. In conjunction with this effort, the Company has acquired approximately 70 square miles of 3D seismic data and 30,000 acres of leasehold; primarily in Cheyenne County. The Company anticipates drilling one or two more wells over the next 18 months to define its geologic concept. Earthstone will be the Operator and has a 45% working interest in this venture.
Earthstone Energy Inc finalises new USD25m bank credit facility
M2 - Fri Jan 04, 6:27AM CST
Oil & gas company Earthstone Energy Inc (NYSE MKT:ESTE) revealed on Thursday a new USD25m bank credit facility with The Bank of Oklahoma, located in Denver, Colorado.
Earthstone Finalizes New Loan Facility
Marketwire - Thu Jan 03, 7:31AM CST
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported today that, on December 21, 2012, it established a new bank credit facility with The Bank of Oklahoma, located in Denver, Colorado. This facility replaces the Company's previous line-of-credit with American National Bank that expired on December 31, 2010. Under the terms of its new loan agreement the Company has a twenty five million dollar ($25,000,000) line of credit with an initial borrowing base of six million dollars ($6,000,000). The loan facility is collateralized by some of the Company's producing properties. The loan agreement is set to expire on December 20, 2017.
