Earthstone Energy, Inc. provided production guidance for the fourth quarter and year ended December 31, 2017 and capital expenditures guidance for the year 2018. For the fourth quarter, the company has estimated its oil and gas sales volumes at approximately 824,000 Boe or an average of approximately 8,955 Boepd (66% oil, 83% liquids). For the year ended December 31, 2017, the company estimates its annual sales volumes at 2.86 million Boe, or an average 7,840 Boepd as compared to 4,002 Boepd reported for the year ended December 31, 2016, representing a growth rate of approximately 95%. Further, the company estimates its current production to be 10,700 Boepd, which includes initial production from three Midland Basin and five Eagle Ford wells that came online in December 2017. The company has set its 2018 capital budget, which currently assumes a one-rig program for its operated acreage in the Midland Basin and a 10 well program for its operated Eagle Ford acreage. Total capital expenditures estimated to be $170 million.