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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 478 $ 1,494
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 35,063 16,255
Joint interest billings and other, net of allowance of $19 and $19 at June 30, 2021 and December 31, 2020, respectively 4,843 7,966
Derivative asset 72 7,509
Prepaid expenses and other current assets 2,109 1,509
Total current assets 42,565 34,733
Oil and gas properties, successful efforts method:    
Proved properties 1,321,064 1,017,496
Unproved properties 233,699 233,767
Land 5,382 5,382
Total oil and gas properties 1,560,145 1,256,645
Accumulated depreciation, depletion and amortization (340,091) (291,213)
Net oil and gas properties 1,220,054 965,432
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation and amortization of $4,286 and $3,675 at June 30, 2021 and December 31, 2020, respectively 1,364 931
Derivative asset 694 396
Operating lease right-of-use assets 2,130 2,450
Other noncurrent assets 10,854 1,315
TOTAL ASSETS 1,277,661 1,005,257
Current liabilities:    
Accounts payable 25,555 6,232
Revenues and royalties payable 29,398 27,492
Accrued expenses 16,224 16,504
Asset retirement obligation 541 447
Derivative liability 57,957 1,135
Advances 330 2,277
Operating lease liabilities 782 773
Finance lease liabilities 4 69
Other current liabilities 498 565
Total current liabilities 131,289 55,494
Noncurrent liabilities:    
Long-term debt 241,360 115,000
Deferred tax liability 13,316 14,497
Asset retirement obligation 14,016 2,580
Derivative liability 5,401 173
Operating lease liabilities 1,510 1,840
Finance lease liabilities 0 5
Other noncurrent liabilities 3,089 132
Total noncurrent liabilities 278,692 134,227
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 626,791 540,074
Accumulated deficit (209,962) (195,258)
Total Earthstone Energy, Inc. equity 416,907 344,881
Noncontrolling interest 450,773 470,655
Total equity 867,680 815,536
TOTAL LIABILITIES AND EQUITY 1,277,661 1,005,257
Class A Common Stock    
Equity:    
Common stock 44 30
Class B Common Stock    
Equity:    
Common stock $ 34 $ 35