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Earthstone Energy, Inc. Announces Second Quarter 2018 Conference Call for Tuesday, August 7, 2018 at 11:00 a.m. Eastern

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Earthstone Energy, Inc. (NYSE:ESTE) ("Earthstone" or the "Company"),
announced today that its management will host a conference call on
Tuesday, August 7, 2018 at 11:00 a.m. Eastern (10:00 a.m. Central) to
discuss the Company's operational and financial results for the second
quarter 2018 and its outlook for the remainder of 2018. Prepared remarks
by Frank A. Lodzinski, Chief Executive Officer, Robert J. Anderson,
President, and Mark Lumpkin, Jr., Executive Vice President and Chief
Financial Officer will be followed by a question and answer session. The
Company intends to file its quarterly report on Form 10-Q and issue its
earnings press release for the period ended June 30, 2018, both after
the close of market on Monday, August 6, 2018.

Investors and analysts are invited to participate in the call by dialing
877-407-6184 for domestic calls or 201-389-0877 for international calls,
in both cases asking for the Earthstone conference call. A webcast will
also be available through the Company website (www.earthstoneenergy.com).
Please select "Events & Presentations" under the "Investors" section of
the Company's website and log on at least 10 minutes in advance to
register.

A replay of the call and webcast will be available on the Company's
website and by telephone until 11:00 a.m. Eastern (10:00 a.m. Central),
Tuesday, August 21, 2018. The number for the replay is 877-660-6853 for
domestic calls or 201-612-7415 for international calls, using Replay ID:
13682047.

About Earthstone Energy, Inc.

Earthstone Energy, Inc. is a growth-oriented, independent energy company
engaged in development and operation of oil and natural gas properties.
The Company's primary assets are located in the Midland Basin of west
Texas and the Eagle Ford Trend of south Texas. Earthstone is traded on
NYSE under the symbol "ESTE." For more information, visit the Company's
website at www.earthstoneenergy.com.

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