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                 March 17, 2021

       Robert Anderson
       President and Chief Executive Officer
       EARTHSTONE ENERGY INC
       1400 Woodloch Forest Dr.
       Suite 300
       The Woodlands, Texas 77380

                                                        Re: EARTHSTONE ENERGY
INC
                                                            Registration
Statement on Form S-3
                                                            Filed March 10,
2021
                                                            File No. 333-254099

       Dear Mr. Anderson:

              This is to advise you that we have not reviewed and will not
review your registration
       statement.

               Please refer to Rules 460 and 461 regarding requests for
acceleration. We remind you
       that the company and its management are responsible for the accuracy and
adequacy of their
       disclosures, notwithstanding any review, comments, action or absence of
action by the staff.

              Please contact Timothy (T.J.) Collins, Staff Attorney, at (202)
551-3176 with any
       questions.




                 Sincerely,


                 Division of Corporation Finance

                 Office of Energy & Transportation
       cc:                                              Adam J. Fogoros