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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Total revenues $ 196,150 $ 75,572
OPERATING COSTS AND EXPENSES    
Lease operating expense 21,631 10,849
Production and ad valorem taxes 13,315 5,027
Depreciation, depletion and amortization 34,326 24,407
General and administrative expense 12,306 8,380
Transaction costs 10,742 2,106
Accretion of asset retirement obligations 397 290
Exploration expense 92 0
Total operating costs and expenses 92,809 51,059
Income from operations 103,341 24,513
OTHER INCOME (EXPENSE)    
Interest expense, net (5,318) (2,217)
Loss on derivative contracts, net (151,480) (33,263)
Other income, net 47 103
Total other expense (156,751) (35,377)
Loss before income taxes (53,410) (10,864)
Income tax benefit 1,533 308
Net loss (51,877) (10,556)
Less: Net loss attributable to noncontrolling interest (18,399) (4,723)
Net loss attributable to Earthstone Energy, Inc. $ (33,478) $ (5,833)
Net loss per common share attributable to Earthstone Energy, Inc.:    
Basic (in dollars per share) $ (0.53) $ (0.14)
Diluted (in dollars per share) $ (0.53) $ (0.14)
Weighted average common shares outstanding:    
Basic (in shares) 63,445,649 42,778,916
Diluted (in shares) 63,445,649 42,778,916
Oil    
REVENUES    
Total revenues $ 137,752 $ 60,819
Natural gas    
REVENUES    
Total revenues 22,958 5,852
Natural gas liquids    
REVENUES    
Total revenues $ 35,440 $ 8,901