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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 0 $ 0
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 133,633 161,531
Joint interest billings and other, net of allowance of $19 and $19 at March 31, 2023 and December 31, 2022, respectively 27,518 34,549
Derivative asset 14,444 31,331
Prepaid expenses and other current assets 24,658 18,854
Total current assets 200,253 246,265
Oil and gas properties, successful efforts method:    
Proved properties 4,195,206 3,987,901
Unproved properties 282,228 282,589
Land 5,482 5,482
Total oil and gas properties 4,482,916 4,275,972
Accumulated depreciation, depletion and amortization (729,318) (619,196)
Net oil and gas properties 3,753,598 3,656,776
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation and amortization of $5,657 and $5,273 at March 31, 2023 and December 31, 2022, respectively 5,571 5,394
Derivative asset 73 9,117
Operating lease right-of-use assets 6,573 4,569
Other noncurrent assets 17,407 15,280
TOTAL ASSETS 3,983,475 3,937,401
Current liabilities:    
Accounts payable 40,148 91,815
Revenues and royalties payable 194,900 163,368
Accrued expenses 123,704 80,942
Asset retirement obligation 881 948
Derivative liability 3,864 14,053
Advances 8,242 7,312
Operating lease liabilities 890 842
Finance lease liabilities 880 802
Other current liabilities 11,447 16,202
Total current liabilities 384,956 376,284
Noncurrent liabilities:    
Long-term debt, net 991,855 1,053,879
Deferred tax liability 156,937 138,336
Asset retirement obligation 29,941 29,611
Derivative liability 3,698 0
Operating lease liabilities 3,758 3,889
Finance lease liabilities 865 876
Other noncurrent liabilities 3,735 10,509
Total noncurrent liabilities 1,190,789 1,237,100
Commitments and Contingencies (Note 13)
Equity:    
Preferred stock 0 0
Additional paid-in capital 1,343,965 1,346,463
Retained earnings 353,259 292,711
Total Earthstone Energy, Inc. equity 1,697,364 1,639,314
Noncontrolling interest 710,366 684,703
Total equity 2,407,730 2,324,017
TOTAL LIABILITIES AND EQUITY 3,983,475 3,937,401
Class A Common Stock    
Equity:    
Common stock 106 106
Class B Common Stock    
Equity:    
Common stock $ 34 $ 34