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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 441 $ 1,494
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 45,076 16,255
Joint interest billings and other, net of allowance of $19 and $19 at September 30, 2021 and December 31, 2020, respectively 3,058 7,966
Derivative asset 17 7,509
Prepaid expenses and other current assets 1,565 1,509
Total current assets 50,157 34,733
Oil and gas properties, successful efforts method:    
Proved properties 1,487,362 1,017,496
Unproved properties 235,232 233,767
Land 5,382 5,382
Total oil and gas properties 1,727,976 1,256,645
Accumulated depreciation, depletion and amortization (367,000) (291,213)
Net oil and gas properties 1,360,976 965,432
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation and amortization of $4,323 and $3,675 at September 30, 2021 and December 31, 2020, respectively 1,730 931
Derivative asset 453 396
Operating lease right-of-use assets 1,963 2,450
Other noncurrent assets 9,694 1,315
TOTAL ASSETS 1,424,973 1,005,257
Current liabilities:    
Accounts payable 33,602 6,232
Revenues and royalties payable 30,139 27,492
Accrued expenses 20,620 16,504
Asset retirement obligation 543 447
Derivative liability 67,575 1,135
Advances 1,325 2,277
Operating lease liabilities 732 773
Finance lease liabilities 0 69
Other current liabilities 634 565
Total current liabilities 155,170 55,494
Noncurrent liabilities:    
Long-term debt 278,253 115,000
Deferred tax liability 13,764 14,497
Asset retirement obligation 14,965 2,580
Derivative liability 7,730 173
Operating lease liabilities 1,394 1,840
Finance lease liabilities 0 5
Other noncurrent liabilities 3,803 132
Total noncurrent liabilities 319,909 134,227
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 690,739 540,074
Accumulated deficit (199,544) (195,258)
Total Earthstone Energy, Inc. equity 491,280 344,881
Noncontrolling interest 458,614 470,655
Total equity 949,894 815,536
TOTAL LIABILITIES AND EQUITY 1,424,973 1,005,257
Class A Common Stock    
Equity:    
Common stock 51 30
Class B Common Stock    
Equity:    
Common stock $ 34 $ 35