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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Total revenues $ 419,643 $ 144,523 $ 191,262
OPERATING COSTS AND EXPENSES      
Lease operating expense 49,321 29,131 28,683
Production and ad valorem taxes 26,409 9,411 11,871
Rig idle and termination expense 0 426 0
Impairment expense 0 64,498 0
Depreciation, depletion and amortization 106,367 96,414 69,243
General and administrative expense 41,922 28,233 27,611
Transaction costs 4,875 622 1,077
Accretion of asset retirement obligation 1,065 307 214
Exploration expense 341 298 653
Total operating costs and expenses 230,300 229,340 139,352
Gain on sale of oil and gas properties, net 738 204 3,222
Income (loss) from operations 190,081 (84,613) 55,132
OTHER INCOME (EXPENSE)      
Interest expense, net (10,796) (5,232) (6,566)
Write-off of deferred financing costs 0 0 (1,242)
(Loss) gain on derivative contracts, net (116,761) 59,899 (43,983)
Other income (expense), net 841 400 (96)
Total other (expense) income (126,716) 55,067 (51,887)
Income (loss) before income taxes 63,365 (29,546) 3,245
Income tax (expense) benefit (1,859) 112 (1,665)
Net income (loss) 61,506 (29,434) 1,580
Less:  Net income (loss) attributable to noncontrolling interest 26,022 (15,887) 861
Net income (loss) attributable to Earthstone Energy, Inc. $ 35,484 $ (13,547) $ 719
Net income (loss) per common share attributable to Earthstone Energy, Inc.:      
Basic (in dollars per share) $ 0.75 $ (0.45) $ 0.02
Diluted (in dollars per share) $ 0.71 $ (0.45) $ 0.02
Weighted average common shares outstanding:      
Basic (in shares) 47,169,948 29,911,625 28,983,354
Diluted (in shares) 49,952,093 29,911,625 29,360,885
Oil      
REVENUES      
Total revenues $ 297,177 $ 120,355 $ 171,925
Natural gas      
REVENUES      
Total revenues 50,809 8,567 3,913
Natural gas liquids      
REVENUES      
Total revenues $ 71,657 $ 15,601 $ 15,424