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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 1,494 $ 13,822
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 16,255 29,047
Joint interest billings and other, net of allowance of $19 and $83 at December 31, 2020 and 2019, respectively 7,966 6,672
Derivative asset 7,509 8,860
Prepaid expenses and other current assets 1,509 1,867
Total current assets 34,733 60,268
Oil and gas properties, successful efforts method:    
Proved properties 1,017,496 970,808
Unproved properties 233,767 260,271
Land 5,382 5,382
Total oil and gas properties 1,256,645 1,236,461
Accumulated depreciation, depletion and amortization (291,213) (195,567)
Net oil and gas properties 965,432 1,040,894
Other noncurrent assets:    
Goodwill 0 17,620
Office and other equipment, net of accumulated depreciation of $3,675 and $3,180 at December 31, 2020 and 2019, respectively 931 1,311
Derivative asset 396 770
Operating lease right-of-use assets 2,450 3,108
Other noncurrent assets 1,315 1,572
TOTAL ASSETS 1,005,257 1,125,543
Current liabilities:    
Accounts payable 6,232 25,284
Revenues and royalties payable 27,492 35,815
Accrued expenses 16,504 19,538
Asset retirement obligation 447 308
Derivative liability 1,135 6,889
Advances 2,277 11,505
Operating lease liability 773 570
Finance lease liability 69 206
Other current liabilities 565 43
Total current liabilities 55,494 100,158
Noncurrent liabilities:    
Long-term debt 115,000 170,000
Asset retirement obligation 2,580 1,856
Derivative liability 173 0
Deferred tax liability 14,497 15,154
Operating lease liability 1,840 2,539
Finance lease liability 5 85
Other noncurrent liabilities 132 0
Total noncurrent liabilities 134,227 189,634
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 540,074 527,246
Accumulated deficit (195,258) (181,711)
Total Earthstone Energy, Inc. equity 344,881 345,599
Noncontrolling interest 470,655 490,152
Total equity 815,536 835,751
TOTAL LIABILITIES AND EQUITY 1,005,257 1,125,543
Class A Common Stock    
Equity:    
Common stock 30 29
Class B Common Stock    
Equity:    
Common stock $ 35 $ 35