Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 0	$ 4,013
Accounts receivable:
Oil, natural gas, and natural gas liquids revenues	161,531	50,575
Joint interest billings and other, net of allowance of $19 and $19 at December 31, 2022 and 2021, respectively	34,549	2,930
Derivative asset	31,331	1,348
Prepaid expenses and other current assets	18,854	2,549
Total current assets	246,265	61,415
Oil and gas properties, successful efforts method:
Proved properties	3,987,901	1,625,367
Unproved properties	282,589	222,025
Land	5,482	5,382
Total oil and gas properties	4,275,972	1,852,774
Accumulated depreciation, depletion and amortization	(619,196)	(395,625)
Net oil and gas properties	3,656,776	1,457,149
Other noncurrent assets:
Office and other equipment, net of accumulated depreciation of $5,273 and $4,547 at December 31, 2022 and 2021, respectively	5,394	1,986
Derivative asset	9,117	157
Operating lease right-of-use assets	4,569	1,795
Other noncurrent assets	15,280	33,865
TOTAL ASSETS	3,937,401	1,556,367
Current liabilities:
Accounts payable	91,815	31,397
Revenues and royalties payable	163,368	36,189
Accrued expenses	80,942	31,704
Asset retirement obligation	948	395
Derivative liability	14,053	45,310
Advances	7,312	4,088
Operating lease liability	842	681
Finance lease liability	802	0
Other current liabilities	16,202	851
Total current liabilities	376,284	150,615
Noncurrent liabilities:
Long-term debt	1,053,879	320,000
Asset retirement obligation	29,611	15,471
Derivative liability	0	571
Deferred tax liability	138,336	15,731
Operating lease liability	3,889	1,276
Finance lease liability	876	0
Other noncurrent liabilities	10,509	6,442
Total noncurrent liabilities	1,237,100	359,491
Commitments and Contingencies (Note 15)
Equity:
Preferred stock	0	0
Additional paid-in capital	1,346,463	718,181
Retained Earnings (accumulated deficit)	292,711	(159,774)
Total Earthstone Energy, Inc. equity	1,639,314	558,494
Noncontrolling interest	684,703	487,767
Total equity	2,324,017	1,046,261
TOTAL LIABILITIES AND EQUITY	3,937,401	1,556,367
Series A Convertible Preferred Stock
Equity:
Preferred stock	0	0
Class A Common Stock
Equity:
Common stock	106	53
Class B Common Stock
Equity:
Common stock	$ 34	$ 34