Earthstone Energy, Inc. has resumed its Eagle Ford development program and announces plans for rest of the year.

Related: Lonestar Resources Q1: Strong Production Growth

Earthstone Energy recently announced its first quarter results, including an average daily production of approximately approximately 9,515 Boepd (66% oil, 81% liquids). Capital expenditures for the quarter totaled approximately $4.2 million.

The Woodlands-based company also reported it resumed its Eagle Ford development program in March. Plans for the rest of 2017 include drilling and completing 11 gross / 4.8 net wells in Gonzales County in 2017 at an estimated total net cost of $23.0 million. 

In a quarterly earnings call, Earthstone executives spoke primarily about their newly acquired assets in the Midland Basin, where the company has 27,000 net acres and is running one rig.