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Earthstone Energy Inc's Business Segments
Earthstone Energy Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 370
Regions Reported
-
Earthstone Energy Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Oil Revenue77%
- Natural Gas Liquids14.7%
- Natural Gas8.3%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Oil Revenue | $ 367 | 77% |
| Natural Gas Liquids | $ 70 | 14.7% |
| Natural Gas | $ 39 | 8.3% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Earthstone Energy Inc
Earthstone Energy, Inc. , a Delaware corporation formed in 1969, is a growth-oriented
independent oil and natural gas development and production company. In addition,
the Company is active in corporate mergers and the acquisition of oil and natural
gas properties that have production and future development opportunities. Our
operations are all in the upstream segment of the oil and natural gas industry
and all our properties are onshore in the United States.
Earthstone Energy, Inc. is an independent oil and natural gas company that focuses on exploration and production activities primarily in the United States. The company is recognized for its strategic approach to finding and developing oil and gas resources, and its operations are centered on emerging resource plays. Below is a detailed overview of the segments, products, and services provided by Earthstone Energy.
Segments
1. Exploration and Production (E&P):
- Earthstones primary segment is exploration and production, where it engages in the exploration, acquisition, development, and production of oil and natural gas reserves. This segment is crucial for the generation of revenue through the extraction of hydrocarbons from various geological formations.
2. Acquisitions and Development:
- The company actively pursues acquisition opportunities to enhance its asset base. This includes acquiring interests in producing properties, undeveloped leases, and exploration opportunities, particularly in regions with proven reserves.
3. Asset Optimization:
- Another important segment is the optimization of existing assets, where Earthstone focuses on maximizing production and efficiently managing its oil and gas properties. This involves employing advanced technologies and methodologies to improve recovery rates and reduce operational costs.
Products
1. Crude Oil:
- Earthstone primarily produces light sweet crude oil, which is a desirable product due to its high demand in refining processes. The company tends to focus on regions with significant crude oil production potential.
2. Natural Gas Liquids (NGLs):
- In addition to crude oil, Earthstone also produces natural gas liquids, which are components of natural gas that can be separated, processed, and sold as products like ethane, propane, and butane. These products are used in petrochemical production, heating, and as fuel.
3. Natural Gas:
- While the company’s output is predominantly crude oil, it also produces natural gas. This is important for providing energy and serves to complement its crude oil production.
Services
1. Enhanced Oil Recovery (EOR):
- Earthstone may employ advanced techniques for enhanced oil recovery, which can include methods such as water flooding and gas injection. These techniques aim to extract additional oil from reservoirs after primary recovery methods have been exhausted.
2. Geological and Geophysical Services:
- The company utilizes geological and geophysical services to identify potential drilling locations. This includes seismic surveys and mapping, helping to ensure that exploration efforts are targeted in the most promising areas.
3. Drilling and Completion Services:
- Earthstone manages drilling and completion operations for its wells, focusing on using efficient drilling practices and completion designs that maximize production while minimizing costs. This includes horizontal drilling and hydraulic fracturing techniques.
4. Well Management and Optimization:
- The company also provides well management services that include monitoring production performance, conducting maintenance, and implementing optimization strategies to enhance well output over time.
5. Health, Safety, and Environmental (HSE) Services:
- Earthstone places a strong emphasis on HSE practices to ensure that its operations are safe and environmentally responsible. This includes compliance with regulations, training for personnel, and implementing best practices in the field.
Geographical Focus
Earthstone Energy primarily operates in key oil-producing regions of the United States, such as the Permian Basin, where it has significant acreage and production capabilities. The company aims to capitalize on the rich resources available in these areas and continues to evolve its portfolio based on the dynamics of the energy market.
Industry Engagement
Earthstone Energy is also involved in industry associations and partnerships that promote best practices in oil and gas production. This engagement supports collaboration on technological advancements, environmental stewardship, and networking within the energy sector.
Through its focused operational strategy and commitment to enhancing production capabilities, Earthstone Energy continues to play a vital role in the energy sector, contributing to the overall supply of oil and gas in the market.
Segments
1. Exploration and Production (E&P):
- Earthstones primary segment is exploration and production, where it engages in the exploration, acquisition, development, and production of oil and natural gas reserves. This segment is crucial for the generation of revenue through the extraction of hydrocarbons from various geological formations.
2. Acquisitions and Development:
- The company actively pursues acquisition opportunities to enhance its asset base. This includes acquiring interests in producing properties, undeveloped leases, and exploration opportunities, particularly in regions with proven reserves.
3. Asset Optimization:
- Another important segment is the optimization of existing assets, where Earthstone focuses on maximizing production and efficiently managing its oil and gas properties. This involves employing advanced technologies and methodologies to improve recovery rates and reduce operational costs.
Products
1. Crude Oil:
- Earthstone primarily produces light sweet crude oil, which is a desirable product due to its high demand in refining processes. The company tends to focus on regions with significant crude oil production potential.
2. Natural Gas Liquids (NGLs):
- In addition to crude oil, Earthstone also produces natural gas liquids, which are components of natural gas that can be separated, processed, and sold as products like ethane, propane, and butane. These products are used in petrochemical production, heating, and as fuel.
3. Natural Gas:
- While the company’s output is predominantly crude oil, it also produces natural gas. This is important for providing energy and serves to complement its crude oil production.
Services
1. Enhanced Oil Recovery (EOR):
- Earthstone may employ advanced techniques for enhanced oil recovery, which can include methods such as water flooding and gas injection. These techniques aim to extract additional oil from reservoirs after primary recovery methods have been exhausted.
2. Geological and Geophysical Services:
- The company utilizes geological and geophysical services to identify potential drilling locations. This includes seismic surveys and mapping, helping to ensure that exploration efforts are targeted in the most promising areas.
3. Drilling and Completion Services:
- Earthstone manages drilling and completion operations for its wells, focusing on using efficient drilling practices and completion designs that maximize production while minimizing costs. This includes horizontal drilling and hydraulic fracturing techniques.
4. Well Management and Optimization:
- The company also provides well management services that include monitoring production performance, conducting maintenance, and implementing optimization strategies to enhance well output over time.
5. Health, Safety, and Environmental (HSE) Services:
- Earthstone places a strong emphasis on HSE practices to ensure that its operations are safe and environmentally responsible. This includes compliance with regulations, training for personnel, and implementing best practices in the field.
Geographical Focus
Earthstone Energy primarily operates in key oil-producing regions of the United States, such as the Permian Basin, where it has significant acreage and production capabilities. The company aims to capitalize on the rich resources available in these areas and continues to evolve its portfolio based on the dynamics of the energy market.
Industry Engagement
Earthstone Energy is also involved in industry associations and partnerships that promote best practices in oil and gas production. This engagement supports collaboration on technological advancements, environmental stewardship, and networking within the energy sector.
Through its focused operational strategy and commitment to enhancing production capabilities, Earthstone Energy continues to play a vital role in the energy sector, contributing to the overall supply of oil and gas in the market.