# EDGAR Filing Document

**Accession Number:** 0001961491
**File Stem:** 0001193125-23-004891
**Filing Date:** 2023-1
**Character Count:** 14033
**Document Hash:** 446fbf0f00cd4e3055d5ac409b6d975d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-004891.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001193125-23-004891

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230109

**GROUP MEMBERS**: SHAIA HOSSEINZADEH

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EARTHSTONE ENERGY INC
- **CENTRAL INDEX KEY:** 0000010254
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 840592823
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-34092
- **FILM NUMBER:** 23519152

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 WOODLOCH FOREST DRIVE
- **STREET 2:** SUITE 300
- **CITY:** THE WOODLANDS
- **STATE:** TX
- **ZIP:** 77380
- **BUSINESS PHONE:** 281-298-4246

**MAIL ADDRESS:**
- **STREET 1:** 1400 WOODLOCH FOREST DRIVE
- **STREET 2:** SUITE 300
- **CITY:** THE WOODLANDS
- **STATE:** TX
- **ZIP:** 77380

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BASIC EARTH SCIENCE SYSTEMS INC
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OnyxPoint Global Management LP
- **CENTRAL INDEX KEY:** 0001961491
- **IRS NUMBER:** 821171481
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** ONE WORLD TRADE CENTER, 46TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007
- **BUSINESS PHONE:** 2122351962

**MAIL ADDRESS:**
- **STREET 1:** ONE WORLD TRADE CENTER, 46TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

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**SCHEDULE 13G** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**(Amendment No.)\*** 

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## EARTHSTONE ENERGY, INC.
**(Name of Issuer)** 

**Class A Common Stock, par value $0.001 per share** 

**(Title of Class of Securities)** 

**27032D304** 

**(CUSIP Number)** 

**December 28, 2022** 

**(Date of Event Which Requires Filing of this Statement)** 

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Check the Appropriate Box to Designate the Rule Pursuant to Which this Schedule Is Filed:

☒ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("<u>Act</u>") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the *Notes*).

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| | | |
|:---|:---|:---|
| CUSIP No. | **13G** | Page 2 of 7 Pages |

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1. &nbsp;&nbsp;&nbsp;&nbsp; Names of Reporting Persons &nbsp;&nbsp;&nbsp;&nbsp; **OnyxPoint Global Management LP**

2. &nbsp;&nbsp;&nbsp;&nbsp; Check The Appropriate Box
if a Member of a Group (See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☐

3. &nbsp;&nbsp;&nbsp;&nbsp; SEC Use Only

4. &nbsp;&nbsp;&nbsp;&nbsp; Citizenship or Place of
Organization &nbsp;&nbsp;&nbsp;&nbsp; **Delaware**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 5. | &nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 6. | &nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**5,504,043** |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 7. | &nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 8. | &nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**5,504,043** |

---

9. &nbsp;&nbsp;&nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person &nbsp;&nbsp;&nbsp;&nbsp; **5,504,043**

10. &nbsp;&nbsp;&nbsp;&nbsp; Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; ☐

11. &nbsp;&nbsp;&nbsp;&nbsp; Percent of Class
Represented by Amount in Row (9) &nbsp;&nbsp;&nbsp;&nbsp; **5.22%<sup>(1)</sup>**

12. &nbsp;&nbsp;&nbsp;&nbsp; Type of Reporting Person
(See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; **IA**

(1) Calculated based on 105,416,926 shares of Class A common stock outstanding as of October 27, 2022 as
reported on the Issuer's Form 10-Q, filed on November 2, 2022.

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| | | |
|:---|:---|:---|
| CUSIP No. | **13G** | Page 3 of 7 Pages |

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1. &nbsp;&nbsp;&nbsp;&nbsp; Names of Reporting Persons &nbsp;&nbsp;&nbsp;&nbsp; **Shaia Hosseinzadeh**

2. &nbsp;&nbsp;&nbsp;&nbsp; Check The Appropriate Box
if a Member of a Group (See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☐

3. &nbsp;&nbsp;&nbsp;&nbsp; SEC Use Only

4. &nbsp;&nbsp;&nbsp;&nbsp; Citizenship or Place of
Organization &nbsp;&nbsp;&nbsp;&nbsp; **USA**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 5. | &nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 6. | &nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**5,504,043** |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 7. | &nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned By<br> Each<br> Reporting<br> Person<br> With | 8. | &nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;**5,504,043** |

---

9. &nbsp;&nbsp;&nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person &nbsp;&nbsp;&nbsp;&nbsp; **5,504,043**

10. &nbsp;&nbsp;&nbsp;&nbsp; Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; ☐

11. &nbsp;&nbsp;&nbsp;&nbsp; Percent of Class
Represented by Amount in Row (9) &nbsp;&nbsp;&nbsp;&nbsp; **5.22%<sup>(1)</sup>**

12. &nbsp;&nbsp;&nbsp;&nbsp; Type of Reporting Person
(See Instructions) &nbsp;&nbsp;&nbsp;&nbsp; **IN**

(1) Calculated based on 105,416,926 shares of Class A common stock outstanding as of October 27, 2022 as
reported on the Issuer's Form 10-Q, filed on November 2, 2022.

------

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| | | |
|:---|:---|:---|
| CUSIP No. | **13G** | Page 4 of 7 Pages |

---

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| | |
|:---|:---|
| **Item 1(a).** | **Name of Issuer:**  |

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Earthstone Energy Inc. (the "Issuer")

---

| | |
|:---|:---|
| **Item 1(b).** | **Address of Issuer's Principal Executive Offices:**  |

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1400 Woodloch Forest Drive, Suite 300

The Woodlands, TX 77380

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| | |
|:---|:---|
| **Item 2(a).** | **Names of Persons Filing:**  |

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This statement is filed by the entities and persons listed below, each of whom is referred to herein as a "<u>Reporting Person</u>" and together as the "<u>Reporting Persons</u>":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. OnyxPoint Global Management LP ("Global Management")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Shaia Hosseinzadeh

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| | |
|:---|:---|
| **Item 2(b).** | **Address of the Principal Business Office or, if None, Residence:**  |

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One World Trade Center, 46th Floor

New York, NY 10007

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| | |
|:---|:---|
| **Item 2(c).** | **Citizenship:**  |

---

See responses to Item 4 on each cover page.

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| | |
|:---|:---|
| **Item 2(d).** | **Title of Class of Securities:**  |

---

Class A common stock, $0.001 par value

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| | |
|:---|:---|
| **Item 2(e).** | **CUSIP Number:**  |

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27032D304

**Item 3.** **If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n):** <br>

Not Applicable.

**Item 4.** **Ownership.** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Amount beneficially owned:** 

See response to Item 9 on each cover page.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Percent of Class:** 

See response to Item 11 on each cover page.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **Number of shares as to which the Reporting Person has:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Sole power to vote or to direct the vote:** 

See responses to Item 5 on each cover page.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** **Shared power to vote or to direct the vote:** 

See responses to Item 6 on each cover page.

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| | | |
|:---|:---|:---|
| CUSIP No. | **13G** | Page 5 of 7 Pages |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** **Sole power to dispose or to direct the disposition of:** 

See responses to Item 7 on each cover page.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** **Shared power to dispose or to direct the disposition of:** 

See responses to Item 8 on each cover page.

OnyxPoint Permian Equity Aggregator II LLC, a wholly-owned subsidiary of OnyxPoint Permian Opportunities Fund LP (together, the "Fund"), directly holds 5,457,528 shares of Class A common stock. Global Management and its affiliates have voting and dispositive power over the 5,457,528 shares held by the Fund as well as 46,515 shares held in various client accounts managed by Global Management and its affiliates. Shaia Hosseinzadeh has sole control of Global Management and its affiliates and, accordingly, has voting and dispositive power over and may be deemed to beneficially own the reported securities.

The filing of this Statement shall not be construed as an admission that the Reporting Persons or any of the foregoing entities are, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement and each of the Reporting Persons expressly disclaims such beneficial ownership.

**Item 5.** **Ownership of Five Percent or Less of a Class.** <br>

Not Applicable.

**Item 6.** **Ownership of More than Five Percent on Behalf of Another Person.** <br>

Not Applicable.

**Item 7.** **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.** <br>

Not Applicable.

**Item 8.** **Identification and Classification of Members of the Group.** <br>

Not Applicable.

**Item 9.** **Notice of Dissolution of Group.** <br>

Not Applicable.

**Item 10.** **Certification.** <br>

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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| | | |
|:---|:---|:---|
| CUSIP No. | **13G** | Page 6 of 7 Pages |

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**SIGNATURE** 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 9, 2023

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| | |
|:---|:---|
| **ONYXPOINT GLOBAL MANAGEMENT LP** | **ONYXPOINT GLOBAL MANAGEMENT LP** |
| By: | /s/ Shaia Hosseinzadeh |
|  Name: | **Shaia Hosseinzadeh** |
|  Title: | Managing Member |

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| |
|:---|
| /s/ Shaia Hosseinzadeh |
| **Shaia Hosseinzadeh** |

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| | | |
|:---|:---|:---|
| CUSIP No. | **13G** | Page 7 of 7 Pages |

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EXHIBIT LIST

Exhibit A JointFiling Agreement, dated as of January 9, 2023.

## Ex-99.A

EXHIBIT A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that this Statement is being jointly filed, and all amendments thereto will be jointly filed, by OnyxPoint Global Management LP, as the main and designated filer, on behalf of each of the persons and entities named below that is named as a reporting person in such filing. Each of the undersigned is responsible for the timely filing of this Statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Dated: January 9, 2023

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| | |
|:---|:---|
|  **ONYXPOINT GLOBAL MANAGEMENT LP** | **ONYXPOINT GLOBAL MANAGEMENT LP** |
|  By: | /s/ Shaia Hosseinzadeh |
|  Name: | **Shaia Hosseinzadeh** |
|  Title: | Managing Member |

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| |
|:---|
|  /s/ Shaia Hosseinzadeh |
|  **Shaia Hosseinzadeh** |

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