12 Nov 2013quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $4.7 million and a net loss of $12.9 million for the period ended 2013-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Oct 2013agm notice● Neutral
EARTHSTONE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 Aug 2013quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $4.7 million and net income of $1.1 million for the period ended 2013-09-30.
26 July 2013agm notice● Neutral
EARTHSTONE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
23 May 2013director interest notice● Neutral
EARTHSTONE ENERGY INC CEO Ray J Jr. Singleton exercised stock options for 1,329 shares.
21 May 2013director interest notice● Neutral
EARTHSTONE ENERGY INC director Robertson Monroe W Jr. exercised stock options for 4,798 shares and disposed of 2,623 shares.
21 May 2013director interest notice● Neutral
EARTHSTONE ENERGY INC director Andrew P Calerich exercised stock options for 3,345 shares and disposed of 1,170 shares.
21 May 2013director interest notice● Neutral
EARTHSTONE ENERGY INC director Rodgers Richard exercised stock options for 4,798 shares and disposed of 2,623 shares.
8 Feb 2013quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $2.8 million and a net loss of $4.0 million for the period ended 2012-12-31.
3 Jan 2013debt financing● NeutralMajor
On December 21, 2012, Earthstone signed a credit agreement with BOKF, N.A. (Bank of Oklahoma) for a revolving line of credit of up to $25,000,000, limited by a borrowing base that starts at $6,000,000, expiring December 20, 2017 and secured by a first lien on its oil and gas properties. The company's press release says it replaces the earlier American National Bank line and that the money is mainly meant to pay its share of horizontal Bakken drilling and completion costs in the Williston Basin; the CEO says the company, which had avoided debt, now needs outside funding.
13 Nov 2012quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $2.8 million and net income of $370 thousand for the period ended 2012-12-31.
2 Oct 2012agm notice● Neutral
EARTHSTONE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
10 Aug 2012quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $2.8 million and net income of $486 thousand for the period ended 2012-09-30.
27 July 2012agm notice● Neutral
EARTHSTONE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
27 July 2012agm notice● Neutral
EARTHSTONE ENERGY INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
4 June 2012quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $2.3 million and net income of $270 thousand for the period ended 2012-06-30.
4 June 2012quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $2.3 million and net income of $270 thousand for the period ended 2012-06-30.
11 Apr 2012director interest notice● Neutral
EARTHSTONE ENERGY INC director Robertson Monroe W Jr. exercised stock options for 5,216 shares and disposed of 3,573 shares.
11 Apr 2012director interest notice● Neutral
EARTHSTONE ENERGY INC director Andrew P Calerich exercised stock options for 2,450 shares and disposed of 807 shares.
11 Apr 2012director interest notice● Neutral
EARTHSTONE ENERGY INC director Rodgers Richard exercised stock options for 5,216 shares and disposed of 3,573 shares.
13 Feb 2012quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $3.9 million and net income of $1.2 million for the period ended 2011-12-31.
13 Feb 2012quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $3.9 million and net income of $1.2 million for the period ended 2011-12-31.
7 Feb 2012drilling progress report▲ Good
Drilling has finished on the first horizontal well, the Federal #1-5H in Sheridan County, Montana, which went through about 5,000 feet of Ratcliffe formation with what the company calls encouraging results. Completion work is expected within two weeks, so no production results are yet known. The nearby vertical Federal 22-5 well averages about 45 barrels of oil per producing day, up 180% from before the acquisition, and a workover is planned on the Hoffelt 2.
20 Dec 2011drilling progress report▲ GoodMajor
Earthstone disclosed a new Montana exploration project in Sheridan County targeting the Ratcliffe formation: about $170,000 for leasehold plus a 4.5% working interest in an existing oil well, and a commitment to join at least two horizontal wells costing roughly another $1,000,000. Vess Oil Corporation operates, and drilling of the first well has begun. The filing also confirms the NYSE Amex listing took effect December 20, 2011, completing the move announced December 9. The Williston Basin focus fits the stated plan for the Colorado sale proceeds.
19 Dec 2011listing compliance notice▼ BadMajor
EARTHSTONE ENERGY INC's securities were notified for removal from listing and registration on its exchange.
15 Dec 2011listing compliance notice▲ GoodMajor
the New York Stock Exchange certified EARTHSTONE ENERGY INC's securities for listing, clearing them to begin trading.
9 Dec 2011listing compliance notice● Neutral
Earthstone's board approved moving its stock listing from the NASDAQ Capital Market to NYSE Amex, expected around December 20, 2011, under the same ticker ESTE. The company says the move is meant to raise its profile with investors and may narrow the gap between buying and selling prices. This is a voluntary move, not a compliance problem.
22 Nov 2011asset acquisition disposition● NeutralMajor
Earthstone agreed on November 18, 2011 to sell substantially all its Antenna-Federal interests in Colorado's Wattenberg Field (38 producing gas wells) to an unrelated private buyer for $6.25 million, about $5.85 million net after costs. The sale is subject to the buyer's final title review. The company calls the property non-core and says it plans to put the cash into other areas, especially the Williston Basin.
8 Nov 2011quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $3.9 million and net income of $1.2 million for the period ended 2011-12-31.
8 Nov 2011quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $3.9 million and net income of $1.2 million for the period ended 2011-12-31.