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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 482 $ 4,013
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 98,182 50,575
Joint interest billings and other, net of allowance of $19 and $19 at March 31, 2022 and December 31, 2021, respectively 11,980 2,930
Derivative asset 1,849 1,348
Prepaid expenses and other current assets 4,440 2,549
Total current assets 116,933 61,415
Oil and gas properties, successful efforts method:    
Proved properties 2,278,496 1,625,367
Unproved properties 280,805 222,025
Land 5,382 5,382
Total oil and gas properties 2,564,683 1,852,774
Accumulated depreciation, depletion and amortization (429,743) (395,625)
Net oil and gas properties 2,134,940 1,457,149
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation and amortization of $4,636 and $4,547 at March 31, 2022 and December 31, 2021, respectively 2,389 1,986
Derivative asset 5,810 157
Operating lease right-of-use assets 2,310 1,795
Other noncurrent assets 58,889 33,865
TOTAL ASSETS 2,321,271 1,556,367
Current liabilities:    
Accounts payable 69,749 31,397
Revenues and royalties payable 52,167 36,189
Accrued expenses 39,179 31,704
Deferred acquisition payment - Chisholm 70,000 0
Asset retirement obligation 609 395
Derivative liability 150,055 45,310
Advances 2,447 4,088
Operating lease liabilities 747 681
Other current liabilities 630 851
Total current liabilities 385,583 150,615
Noncurrent liabilities:    
Long-term debt 624,229 320,000
Deferred tax liability 14,404 15,731
Asset retirement obligation 21,509 15,471
Derivative liability 21,775 571
Operating lease liabilities 1,725 1,276
Other noncurrent liabilities 9,744 6,442
Total noncurrent liabilities 693,386 359,491
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 967,093 718,181
Accumulated deficit (193,252) (159,774)
Total Earthstone Energy, Inc. equity 773,948 558,494
Noncontrolling interest 468,354 487,767
Total equity 1,242,302 1,046,261
TOTAL LIABILITIES AND EQUITY 2,321,271 1,556,367
Class A Common Stock    
Equity:    
Common stock 73 53
Class B Common Stock    
Equity:    
Common stock $ 34 $ 34