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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 426 $ 376
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 19,433 13,683
Joint interest billings and other, net of allowance of $133 and $134 at March 31, 2019 and December 31, 2018, respectively 19,740 4,166
Derivative asset 6,605 43,888
Prepaid expenses and other current assets 3,679 1,443
Total current assets 49,883 63,556
Oil and gas properties, successful efforts method:    
Proved properties 797,964 755,443
Unproved properties 266,289 266,140
Land 5,382 5,382
Total oil and gas properties 1,069,635 1,026,965
Accumulated depreciation, depletion and amortization (141,077) (127,256)
Net oil and gas properties 928,558 899,709
Other noncurrent assets:    
Goodwill 17,620 17,620
Office and other equipment, net of accumulated depreciation and amortization of $2,674 and $2,490 at March 31, 2019 and December 31, 2018, respectively 1,380 662
Derivative asset 6,300 21,121
Operating lease right-of-use assets 1,049  
Other noncurrent assets 1,539 1,640
TOTAL ASSETS 1,006,329 1,004,308
Current liabilities:    
Accounts payable 28,964 26,452
Revenues and royalties payable 23,365 28,748
Accrued expenses 21,362 22,406
Asset retirement obligation 494 557
Advances 1,293 3,174
Derivative liability 2,204 528
Operating lease liabilities 658  
Finance lease liabilities 354  
Total current liabilities 78,694 81,865
Noncurrent liabilities:    
Long-term debt 120,825 78,828
Deferred tax liability 13,029 13,489
Asset retirement obligation 1,748 1,672
Derivative liability 1,367 1,891
Operating lease liabilities 442  
Finance lease liabilities 193  
Other noncurrent liabilities 0 71
Total noncurrent liabilities 137,604 95,951
Commitments and Contingencies (Note 12)
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 518,889 517,073
Accumulated deficit (199,634) (182,497)
Total Earthstone Energy, Inc. equity 319,319 334,640
Noncontrolling interest 470,712 491,852
Total equity 790,031 826,492
TOTAL LIABILITIES AND EQUITY 1,006,329 1,004,308
Class A Common Stock    
Equity:    
Common stock 29 29
Class B Common Stock    
Equity:    
Common stock $ 35 $ 35