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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 4,013 $ 1,494
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 50,575 16,255
Joint interest billings and other, net of allowance of $19 and $19 at December 31, 2021 and 2020, respectively 2,930 7,966
Derivative asset 1,348 7,509
Prepaid expenses and other current assets 2,549 1,509
Total current assets 61,415 34,733
Oil and gas properties, successful efforts method:    
Proved properties 1,625,367 1,017,496
Unproved properties 222,025 233,767
Land 5,382 5,382
Total oil and gas properties 1,852,774 1,256,645
Accumulated depreciation, depletion and amortization (395,625) (291,213)
Net oil and gas properties 1,457,149 965,432
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation of $4,547 and $3,675 at December 31, 2021 and 2020, respectively 1,986 931
Derivative asset 157 396
Operating lease right-of-use assets 1,795 2,450
Other noncurrent assets 33,865 1,315
TOTAL ASSETS 1,556,367 1,005,257
Current liabilities:    
Accounts payable 31,397 6,232
Revenues and royalties payable 36,189 27,492
Accrued expenses 31,704 16,504
Asset retirement obligation 395 447
Derivative liability 45,310 1,135
Advances 4,088 2,277
Operating lease liability 681 773
Finance lease liability 0 69
Other current liabilities 851 565
Total current liabilities 150,615 55,494
Noncurrent liabilities:    
Long-term debt 320,000 115,000
Asset retirement obligation 15,471 2,580
Derivative liability 571 173
Deferred tax liability 15,731 14,497
Operating lease liability 1,276 1,840
Finance lease liability 0 5
Other noncurrent liabilities 6,442 132
Total noncurrent liabilities 359,491 134,227
Commitments and Contingencies (Note 15)
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 718,181 540,074
Accumulated deficit (159,774) (195,258)
Total Earthstone Energy, Inc. equity 558,494 344,881
Noncontrolling interest 487,767 470,655
Total equity 1,046,261 815,536
TOTAL LIABILITIES AND EQUITY 1,556,367 1,005,257
Class A Common Stock    
Equity:    
Common stock 53 30
Class B Common Stock    
Equity:    
Common stock $ 34 $ 35