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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 49,500 $ 0
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 111,436 161,531
Joint interest billings and other, net of allowance of $19 and $19 at June 30, 2023 and December 31, 2022, respectively 24,196 34,549
Derivative asset 7,106 31,331
Prepaid expenses and other current assets 19,658 18,854
Total current assets 211,896 246,265
Oil and gas properties, successful efforts method:    
Proved properties 4,348,453 3,987,901
Unproved properties 280,221 282,589
Land 5,482 5,482
Total oil and gas properties 4,634,156 4,275,972
Accumulated depreciation, depletion and amortization (832,886) (619,196)
Net oil and gas properties 3,801,270 3,656,776
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation of $6,090 and $5,273 at June 30, 2023 and December 31, 2022, respectively 6,056 5,394
Derivative asset 2,284 9,117
Operating lease right-of-use assets 6,573 4,569
Other noncurrent assets 92,362 15,280
TOTAL ASSETS 4,120,441 3,937,401
Current liabilities:    
Accounts payable 53,824 91,815
Revenues and royalties payable 166,380 163,368
Accrued expenses 102,201 80,942
Asset retirement obligation 860 948
Derivative liability 31,702 14,053
Advances 11,449 7,312
Operating lease liabilities 906 842
Finance lease liabilities 1,083 802
Other current liabilities 14,335 16,202
Total current liabilities 382,740 376,284
Noncurrent liabilities:    
Long-term debt, net 1,021,555 1,053,879
Deferred tax liability 174,565 138,336
Asset retirement obligation 29,695 29,611
Derivative liability 10,624 0
Operating lease liabilities 3,524 3,889
Finance lease liabilities 1,151 876
Other noncurrent liabilities 4,760 10,509
Total noncurrent liabilities 1,245,874 1,237,100
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 1,345,657 1,346,463
Retained earnings 411,301 292,711
Total Earthstone Energy, Inc. equity 1,757,098 1,639,314
Noncontrolling interest 734,729 684,703
Total equity 2,491,827 2,324,017
TOTAL LIABILITIES AND EQUITY 4,120,441 3,937,401
Class A Common Stock    
Equity:    
Common stock 106 106
Class B Common Stock    
Equity:    
Common stock $ 34 $ 34