Earthstone Energy Inc.

Increased borrowing base under its senior secured revolving credit facility from $185 million to $225 million in connection with its regularly scheduled redetermination. The company also entered into an amendment to its credit facility, which provides for a 50-basis point decrease in the interest rate on outstanding loans, increased flexibility related to hedging limitations and improved the company's ability to make short-term borrowings via a swingline as a part of the borrowing base.