Earthstone Energy, Inc. provided production guidance for the fourth quarter and year December 31, 2021 and for the year 2022. The Company has estimated its oil and gas sales volumes for the fourth quarter of 2021 to be approximately 2.78 MMBoe or an average of approximately 30,244 Boepd (43% oil).

For the year ended December 31, 2021, the Company estimates its annual sales volumes grew 62% to approximately 9.06 MMBoe, or an average of approximately 24,809 Boepd (48% oil) compared to 15,276 Boepd (57% oil) reported for 2020.

For the first quarter of 2022, the company expects production in the range of 35,000 – 37,000 Boepd.
For the second quarter of 2022, the company expects production in the range of 70,000 – 74,000 Boepd.
For the third quarter of 2022, the company expects production in the range of 76,000 – 80,000 Boepd.
For the year 2022, the company expects production in the range of 64,250 – 67,750 Boepd.