Earthstone Energy - Bakken Sale

[dan_s]

December 21, 2017, 6:00 am EST

Earthstone Energy, Inc. Completes Sale of Bakken Assets

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that it has closed its previously announced agreement to sell its Bakken assets (“Transaction”) to an unaffiliated party for approximately $27 million in cash. The effective date of the Transaction is December 1, 2017 and is subject to certain customary closing purchase price adjustments. The proceeds from the Transaction will be used to pay down debt under its senior secured revolving credit facility (“Credit Facility”).

[wilmawatts]

good company