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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
REVENUES    
Revenues $ 144,523 $ 191,262
OPERATING COSTS AND EXPENSES    
Lease operating expense 29,131 28,683
Production and ad valorem taxes 9,411 11,871
Rig idle and termination expense 426 0
Impairment expense 64,498 0
Depreciation, depletion and amortization 96,414 69,243
General and administrative expense 28,233 27,611
Transaction costs 622 1,077
Accretion of asset retirement obligation 307 214
Exploration expense 298 653
Total operating costs and expenses 229,340 139,352
Gain on sale of oil and gas properties, net 204 3,222
(Loss) income from operations (84,613) 55,132
OTHER INCOME (EXPENSE)    
Interest expense, net (5,232) (6,566)
Write-off of deferred financing costs 0 (1,242)
Gain (loss) on derivative contracts, net 59,899 (43,983)
Other income (expense), net 400 (96)
Total other income (expense) 55,067 (51,887)
(Loss) income before income taxes (29,546) 3,245
Income tax benefit (expense) 112 (1,665)
Net (loss) income (29,434) 1,580
Less:  Net (loss) income attributable to noncontrolling interest (15,887) 861
Net (loss) income attributable to Earthstone Energy, Inc. $ (13,547) $ 719
Net (loss) income per common share attributable to Earthstone Energy, Inc.:    
Basic (in dollars per share) $ (0.45) $ 0.02
Diluted (in dollars per share) $ (0.45) $ 0.02
Weighted average common shares outstanding:    
Basic (in shares) 29,911,625 28,983,354
Diluted (in shares) 29,911,625 29,360,885
Oil Revenue    
REVENUES    
Revenues $ 120,355 $ 171,925
Natural Gas (MMcf)    
REVENUES    
Revenues 8,567 3,913
NGLs (MBbl)    
REVENUES    
Revenues $ 15,601 $ 15,424