{"id":19625,"date":"2021-06-24T14:29:32","date_gmt":"2021-06-24T14:29:32","guid":{"rendered":"https:\/\/tankstoragenewsamerica.com\/?p=19625"},"modified":"2021-07-13T10:26:50","modified_gmt":"2021-07-13T10:26:50","slug":"earthstone-energy-spends-48m-on-eagle-ford-acquisitions","status":"publish","type":"post","link":"https:\/\/tankstoragenewsamerica.com\/earthstone-energy-spends-48m-on-eagle-ford-acquisitions\/","title":{"rendered":"Earthstone Energy Spends $48m on Eagle Ford Acquisitions"},"content":{"rendered":"<p>Earthstone Energy has acquired working interests in assets it operates located in southern Gonzales County, Texas from four separate sellers, for around $48m in cash.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The largest of the acquisition components, comprised of working interests owned by two affiliates of Titanium Exploration Partners, constituted most of the total consideration.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19649\" src=\"https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/06\/Upstream-Article-Image-393548437-copy-min-scaled.jpg\" alt=\"\" width=\"4400\" height=\"2200\" srcset=\"https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/06\/Upstream-Article-Image-393548437-copy-min-scaled.jpg 2560w, https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/06\/Upstream-Article-Image-393548437-copy-min-300x150.jpg 300w, https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/06\/Upstream-Article-Image-393548437-copy-min-1024x512.jpg 1024w, https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/06\/Upstream-Article-Image-393548437-copy-min-768x384.jpg 768w, https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/06\/Upstream-Article-Image-393548437-copy-min-1536x768.jpg 1536w, https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/06\/Upstream-Article-Image-393548437-copy-min-2048x1024.jpg 2048w\" sizes=\"(max-width: 4400px) 100vw, 4400px\" \/><\/p>\n<p>Earthstone Energy is a growth-oriented, independent energy company engaged in the development and operation of oil and natural gas properties.<span class=\"Apple-converted-space\">\u00a0 <\/span>Its primary assets are in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas.<\/p>\n<p>Robert J. Anderson, president and CEO of Earthstone, said: \u201cWe paid an attractive price for these producing assets which we already operate and they will add 1,150 boepd of production with a lower decline profile compared to our current aggregate corporate decline profile. While not as significant in size as the previously announced acquisitions, the Eagle Ford Acquisitions will increase oil production and positively impact our overall cash margins.\u201d<\/p>\n<p>For more information visit: <a href=\"http:\/\/www.earthstoneenergy.com\" target=\"_blank\" rel=\"noopener\">www.earthstoneenergy.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earthstone Energy has acquired working interests in assets it operates located in southern Gonzales County, Texas from four separate sellers, for around $48m in cash.\u00a0 The largest of the acquisition components, comprised of working interests owned by two affiliates of Titanium Exploration Partners, constituted most of the total consideration.\u00a0 Earthstone Energy is a growth-oriented, independent&hellip;<\/p>\n","protected":false},"author":3,"featured_media":19508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[226,234],"tags":[232],"post_series":[],"acf":[],"_links":{"self":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts\/19625"}],"collection":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/comments?post=19625"}],"version-history":[{"count":7,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts\/19625\/revisions"}],"predecessor-version":[{"id":20142,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts\/19625\/revisions\/20142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/media\/19508"}],"wp:attachment":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/media?parent=19625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/categories?post=19625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/tags?post=19625"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/post_series?post=19625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}