DENVER, CO — (Marketwire) — 10/15/12 — (NYSE MKT: ESTE) reported that the Denver Business Journal (DBJ) named Earthstone the 4th Fastest-Growing Public Company in Colorado in its October 12, 2012 edition. The DBJ–s annual public companies list ranks information several ways, including the fastest-growing public companies based on three years of percentage of net income growth, from 2009 through 2011.
Ray Singleton, President of Earthstone, stated, “We are excited by this selection. We believe it recognizes the success of our strategy and investments. We appreciate the hard work, dedication and contribution of our employees in achieving this distinction. While it is indeed nice to be recognized, we remain focused on our current plans and efforts. We anticipate a very busy autumn as we pursue ongoing and new opportunities in the Williston basin of North Dakota and Montana, in addition to other areas.”
Earthstone Energy, Inc. is a growth-oriented independent oil and gas exploration and production company with primary operations in the Williston Basin and southern Texas. Earthstone is currently traded on NYSE MKT under the symbol ESTE. Information on Earthstone can be found at its web site: .
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Some statements contained in this release are forward-looking, and therefore involve uncertainties or risks that could cause actual results to differ materially. Forward-looking statements can be identified by words such as “should,” “may,” “will,” “anticipate,” “expect,” “estimate,” “intend” or “continue,” or comparable words or phrases. In addition, all statements other than statements of historical facts that address activities that Earthstone intends, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements also include comments regarding the future importance of newly proposed, drilled or recompleted wells. Factors that could cause actual results to differ materially include availability of rigs and services, price volatility of oil and gas, estimated production rates and adjustments to ownership percentages in addition to economic and political events affecting supply and demand for oil and gas, loss of customers for oil and gas production and government regulations. These and other factors are discussed in more detail in Earthstone–s filings with the Securities and Exchange Commission, including the Company–s Annual Report on Form 10-K filed for March 31, 2012 and Quarterly Report on Form 10-Q for the three months ended June 30, 2012. The Company disclaims any obligation to update forward-looking statements.