ESTE - Earthstone Energy: Reading Beyond The Headline Of The 4Q 2018 Quarterly Report
"When God closes a door, He opens a window."
On January 16, 2018, Earthstone Energy, Inc. (ESTE) provided an operations update and 2019 guidance.
Robert J. Anderson, President of Earthstone, said:
During 2018, our operations in the Midland Basin continued to focus on capital and operating efficiency. We have achieved significant cost reductions in drilling, completion and production operations. Reducing the drilling time by an average of over six days while drilling longer laterals and increasing the number of completion stages by 2.5 per day are two examples of our team's improvement