The Woodlands, Texas-based Earthstone Energy completed an acreage trade in the Midland Basin with an undisclosed operator, adding 3,899 net operated acres in Reagan County with a 100% WI. In exchange, Earthstone divested 1,222 non-op net acres in Glasscock County with an average 39% WI and $27.8 million in cash.The trade results in a net increase of 2,677 acres and a net production increase of 350 boe/d while increasing Earthstone's overall working interest and......
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