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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 0 $ 4,013
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 196,941 50,575
Joint interest billings and other, net of allowance of $19 and $19 at September 30, 2022 and December 31, 2021, respectively 20,328 2,930
Derivative asset 14,950 1,348
Prepaid expenses and other current assets 19,089 2,549
Total current assets 251,308 61,415
Oil and gas properties, successful efforts method:    
Proved properties 3,832,991 1,625,367
Unproved properties 290,111 222,025
Land 5,482 5,382
Total oil and gas properties 4,128,584 1,852,774
Accumulated depreciation, depletion and amortization (516,662) (395,625)
Net oil and gas properties 3,611,922 1,457,149
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation and amortization of $5,059 and $4,547 at September 30, 2022 and December 31, 2021, respectively 5,070 1,986
Derivative asset 5,526 157
Operating lease right-of-use assets 2,255 1,795
Other noncurrent assets 16,216 33,865
TOTAL ASSETS 3,892,297 1,556,367
Current liabilities:    
Accounts payable 75,162 31,397
Revenues and royalties payable 158,867 36,189
Accrued expenses 105,623 31,704
Asset retirement obligation 941 395
Derivative liability 28,404 45,310
Advances 15,405 4,088
Operating lease liabilities 869 681
Finance lease liabilities 784 0
Other current liabilities 4,105 851
Total current liabilities 390,160 150,615
Noncurrent liabilities:    
Long-term debt, net 1,174,549 320,000
Deferred tax liability 93,322 15,731
Asset retirement obligation 35,837 15,471
Derivative liability 7,840 571
Operating lease liabilities 1,549 1,276
Finance lease liabilities 1,003 0
Other noncurrent liabilities 13,574 6,442
Total noncurrent liabilities 1,327,674 359,491
Commitments and Contingencies (Note 13)
Equity:    
Preferred stock 0 0
Additional paid-in capital 1,382,026 718,181
Retained earnings (accumulated deficit) 163,089 (159,774)
Total Earthstone Energy, Inc. equity 1,545,257 558,494
Noncontrolling interest 629,206 487,767
Total equity 2,174,463 1,046,261
TOTAL LIABILITIES AND EQUITY 3,892,297 1,556,367
Series A Convertible Preferred Stock    
Equity:    
Preferred stock 0 0
Class A Common Stock    
Equity:    
Common stock 108 53
Class B Common Stock    
Equity:    
Common stock $ 34 $ 34