Earthstone Energy, Inc. Provides Production Guidance for the Fourth Quarter and Year December 31, 2021 and for the Year 2022
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.