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Earthstone Energy, Inc. is an independent oil and gas company actively involved in the acquisition, exploration, development, and production of energy resources throughout the United States. The company strategically focuses its operations in key regions including the Midland Basin of West Texas, the Delaware Basin in New Mexico, and the Eagle Ford trend in south Texas. These prolific basins offer significant potential for resource extraction and contribute to Earthstone Energy's robust asset portfolio.
As of December 31, 2021, Earthstone Energy, Inc. managed a diverse portfolio that included 120 gross Eagle Ford wells. The company reported substantial total proved reserves amounting to 147,587 thousand barrels of oil equivalent (MBOE). Within these reserves, Earthstone Energy highlighted 93,575 MBOE of proved developed reserves and 54,012 MBOE of proved undeveloped reserves. These reserves underscore the company's commitment to sustainable resource development and operational excellence in the energy sector.
Established in 1969 and headquartered in The Woodlands, Texas, Earthstone Energy, Inc. continues to leverage its extensive industry experience and technical expertise to optimize production efficiencies and enhance shareholder value. The company's strategic approach integrates innovative technologies and rigorous environmental standards to ensure responsible resource management and long-term operational success.
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