XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 4,196 $ 22,955
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 13,564 14,978
Joint interest billings and other, net of allowance of $116 and $138 at June 30, 2018 and December 31, 2017, respectively 5,011 7,778
Derivative asset 0 184
Prepaid expenses and other current assets 2,059 1,178
Total current assets 24,830 47,073
Oil and gas properties, successful efforts method:    
Proved properties 681,960 605,039
Unproved properties 272,260 275,025
Land 5,382 5,534
Total oil and gas properties 959,602 885,598
Accumulated depreciation, depletion and amortization (138,313) (118,028)
Net oil and gas properties 821,289 767,570
Other noncurrent assets:    
Goodwill 17,620 17,620
Office and other equipment, net of accumulated depreciation of $2,272 and $2,093 at June 30, 2018 and December 31, 2017, respectively 764 947
Other noncurrent assets 1,277 1,207
TOTAL ASSETS 865,780 834,417
Current liabilities:    
Accounts payable 12,307 33,472
Revenues and royalties payable 18,725 10,288
Accrued expenses 18,499 8,707
Advances 18,746 4,587
Derivative liability 14,803 11,805
Total current liabilities 83,080 68,859
Noncurrent liabilities:    
Long-term debt 22,500 25,000
Deferred tax liability 10,461 10,515
Asset retirement obligation 1,834 2,354
Derivative liability 5,502 1,826
Other noncurrent liabilities 109 131
Total noncurrent liabilities 40,406 39,826
Commitments and Contingencies
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 509,381 503,932
Accumulated deficit (218,851) (224,822)
Total Earthstone Energy, Inc. equity 290,594 279,174
Noncontrolling interest 451,700 446,558
Total equity 742,294 725,732
TOTAL LIABILITIES AND EQUITY 865,780 834,417
Class A Common Stock    
Equity:    
Common stock 28 28
Class B Common Stock    
Equity:    
Common stock $ 36 $ 36