Earthstone Energy, Inc. is an independent oil and gas exploration and production company primarily engaged in the exploration, development and production of oil and natural gas properties. Its operating activities are concentrated in the North Dakota and Montana portions of the Williston Basin and south Texas. As of March 31, 2014 the Company’s estimated net proved oil and natural gas reserves were approximately 2,554,000 barrels of oil and condensate and approximately 3,413,000 thousand cubic feet of natural gas. In addition to the Williston Basin, the Company is pursuing a new exploration project in the Nebraska portion of the Denver-Julesburg (DJ) basin. The Williston basin continues to be the Company's highest area of activity.