Earthstone Energy

Background

Earthstone Energy Inc. operates oil and gas fields with assets in Texas. Common shares are listed on the NYSE (ESTE) exchange. Earthstone was founded in 1969 and completed an initial public offering in 2012. Also in 2012, Oak Valley Resources was formed by Frank Lodzinski with funding from EnCap's Energy Capital Fund IX. Oak Valley was acquired by Earthstone in 2014 with Lodzinski assuming the CEO role. The company acquired Lynden Energy in 2016 and Bold Energy in 2017.

Lodzinski remained in his chairman role after Robert Anderson was appointed CEO in 2020, and Independence Resources was acquired in January 2021. Earthstone acquired additional working interests in its operated Eagle Ford assets from Titanium Exploration and others in June 2021. That July, the company acquired the Midland Basin assets of Tracker Resource Development and Sequel Energy.

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