Northland Capital Markets: Co-Manager for Earthstone Energy’s $41.6 Million Commons Stock Offering

Northland Capital Markets announced today that it has acted as Co-Manager for an offering of $41.6 million of common stock for Earthstone Energy, Inc. (“Earthstone” or the “Company”).

Earthstone is a growth-oriented, independent oil and gas company engaged in the acquisition and development of oil and gas reserves in the Midland Basin of west Texas, the Eagle Ford trend of south Texas, and the Bakken/Three Forks formations of North Dakota. Earthstone priced the sale of 4,500,000 of its common stock to the public at $9.25 per share for gross proceeds of approximately $41.6 million, which does not include 675,000 shares of common stock in the over-allotment option exercisable by the underwriters for 30 days.

For more information: Press Release Earthstone Energy 10/23/17