The property is a single, 640-acre section in the Wattenberg field, in which the company has interests in 38 producing natural gas wells.
Earthstone owned between 15% and 60% working interest in 25 wells and had an overriding royalty interest in 13 wells.
The wells are considered as non-core assets by Earthstone, and the company will focus on other areas, primarily the Williston basin.
Earthstone president Ray Singleton said the company is now in a position to increase its activity in more strategic, potentially high-impact areas, especially the Williston Basin of Montana and North Dakota.
