Earthstone Energy (ESTE) Provides Updated 2020 Capital Plan and Guidance
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Earthstone Provides Updated 2020 Capital Plan and Guidance
March 17, 2020 4:21 PM EDTCapital Expenditures Reduced by 67%
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Earthstone Energy, Inc. (NYSE: ESTE) (Earthstone, the Company, our or we), today provided an update to its 2020 operating plan and guidance based on the recent dramatic drop in oil prices.
2020 Updated Guidance
With the recent drop in oil prices, the Company plans to run one rig into the second quarter of 2020 and operated completion activity will be limited to three wells currently in progress. This reduction in activity will result in an adjusted capital budget for 2020 of $50... More
