Earthstone Energy, Inc. will begin to generate free cash flow in Q2, based on an adjusted operating plan for 2020 that assumes $30/bbl WTI. The company dialed back its spending plans for the year by 67% to the $50-60 million range and expects a 6% YOY increase in estimated production to 13,750-14,750 boe/d (60- 64% oil) from its Midland Basin and Eagle Ford assets. The company will spend to bring three net operated wells......
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