Moody's changes Earthstone's rating outlook to positive
Moody's Investors Service ("Moody's") changed Earthstone Energy Holdings, LLC's (Earthstone) rating outlook to positive from stable. Concurrently, Moody's affirmed Earthstone's B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR) and B3 senior unsecured notes rating. The Specu...Earthstone Energy is an independent oil and gas company engaged in the acquisition and development of oil and gas reserves through activities that include the acquisition, drilling and development of undeveloped leases, asset and corporate acquisitions and mergers. The company's operations are all in the upstream segment of the oil and natural gas industry and all the company's properties are onshore in the U.S. The company's primary assets are located in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas.
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