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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 13,822 $ 376
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 29,047 13,683
Joint interest billings and other, net of allowance of $83 and $134 at December 31, 2019 and 2018, respectively 6,672 4,166
Derivative asset 8,860 43,888
Prepaid expenses and other current assets 1,867 1,443
Total current assets 60,268 63,556
Oil and gas properties, successful efforts method:    
Proved properties 970,808 755,443
Unproved properties 260,271 266,140
Land 5,382 5,382
Total oil and gas properties 1,236,461 1,026,965
Accumulated depreciation, depletion and amortization (195,567) (127,256)
Net oil and gas properties 1,040,894 899,709
Other noncurrent assets:    
Goodwill 17,620 17,620
Office and other equipment, net of accumulated depreciation of $3,180 and $2,490 at December 31, 2019 and 2018, respectively 1,311 662
Derivative asset 770 21,121
Operating lease right-of-use assets 3,108  
Other noncurrent assets 1,572 1,640
TOTAL ASSETS 1,125,543 1,004,308
Current liabilities:    
Accounts payable 25,284 26,452
Revenues and royalties payable 35,815 28,748
Accrued expenses 19,538 22,406
Asset retirement obligation 308 557
Derivative liability 6,889 528
Advances 11,505 3,174
Operating lease liability 570  
Finance lease liability 206  
Other current liability 43 0
Total current liabilities 100,158 81,865
Noncurrent liabilities:    
Long-term debt 170,000 78,828
Asset retirement obligation 1,856 1,672
Derivative liability 0 1,891
Deferred tax liability 15,154 13,489
Operating lease liability 2,539  
Finance lease liability 85  
Other noncurrent liabilities 0 71
Total noncurrent liabilities 189,634 95,951
Commitments and Contingencies (Note 16)
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 527,246 517,073
Accumulated deficit (181,711) (182,497)
Total Earthstone Energy, Inc. equity 345,599 334,640
Noncontrolling interest 490,152 491,852
Total equity 835,751 826,492
TOTAL LIABILITIES AND EQUITY 1,125,543 1,004,308
Class A Common Stock    
Equity:    
Common stock 29 29
Class B Common Stock    
Equity:    
Common stock $ 35 $ 35