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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 1,810 $ 13,822
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 12,908 29,047
Joint interest billings and other, net of allowance of $80 and $83 at June 30, 2020 and December 31, 2019, respectively 7,779 6,672
Derivative asset 31,626 8,860
Prepaid expenses and other current assets 2,032 1,867
Total current assets 56,155 60,268
Oil and gas properties, successful efforts method:    
Proved properties 994,333 970,808
Unproved properties 238,551 260,271
Land 5,382 5,382
Total oil and gas properties 1,238,266 1,236,461
Accumulated depreciation, depletion and amortization (242,597) (195,567)
Net oil and gas properties 995,669 1,040,894
Other noncurrent assets:    
Goodwill 0 17,620
Office and other equipment, net of accumulated depreciation and amortization of $3,435 and $3,180 at June 30, 2020 and December 31, 2019, respectively 1,164 1,311
Derivative asset 11,642 770
Operating lease right-of-use assets 2,932 3,108
Other noncurrent assets 1,412 1,572
TOTAL ASSETS 1,068,974 1,125,543
Current liabilities:    
Accounts payable 8,525 25,284
Revenues and royalties payable 19,324 35,815
Accrued expenses 9,809 19,538
Asset retirement obligation 308 308
Derivative liability 169 6,889
Advances 93 11,505
Operating lease liabilities 763 570
Finance lease liabilities 119 206
Other current liabilities 0 43
Total current liabilities 39,110 100,158
Noncurrent liabilities:    
Long-term debt 168,588 170,000
Deferred tax liability 15,165 15,154
Asset retirement obligation 1,979 1,856
Derivative liability 349 0
Operating lease liabilities 2,169 2,539
Finance lease liabilities 38 85
Other noncurrent liabilities 141 0
Total noncurrent liabilities 188,429 189,634
Commitments and Contingencies (Note 13)
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 535,049 527,246
Accumulated deficit (181,342) (181,711)
Total Earthstone Energy, Inc. equity 353,772 345,599
Noncontrolling interest 487,663 490,152
Total equity 841,435 835,751
TOTAL LIABILITIES AND EQUITY 1,068,974 1,125,543
Class A Common Stock    
Equity:    
Common stock 30 29
Class B Common Stock    
Equity:    
Common stock $ 35 $ 35