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  "authorName": "Earthstone Energy",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "As shown in the table below, Earthstone's stand-alone estimated proved reserves at year end 2021 were independently estimated by CGA and which was prepared in accordance with SEC guidelines, were approximately 147.6 million barrels of oil equivalent (\"MMBoe\"). SEC rules require that calculations of economically recoverable reserves use the unweighted average price on the first day of the month for the prior twelve-month period. The resulting oil and natural gas prices used for Earthstone's stand-alone 2021 year end reserve report, prior to adjusting for quality and basis differentials, were $66.56 per barrel and $3.598 per million British Thermal Units (\"MMBtu\"), respectively. SEC prices net of differentials were $65.64 per barrel, $30.16 per equivalent barrel of NGL and $3.01 per Mcf.",
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      "text": "Stand-Alone Year-End 2021 SEC Proved Reserves\nReserves Category, Oil (Mbbls), Gas (MMcf), NGL (Mbbls), Total (Mboe), PV-10 ($ in thousands)\nProved Developed, 35,824, 190,999, 25,917, 93,575, 1,371,697\nProved Undeveloped, 25,251, 93,882, 13,114, 54,012, 644,989\nTotal, 61,075, 284,881, 39,031, 147,587, $2,016,686",
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      "text": "Reconciliation of PV-10\nPresent value of estimated future net revenues, $2,016,686\nFuture income taxes, discounted at 10%, $198,314\nStandardized measure of discounted future net cash flows, $1,818,372",
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      "text": "SEC Stand-Alone Reserves Summary & PV-10 – Year-End 2021",
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