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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 16,592 $ 0
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 177,353 161,531
Joint interest billings and other, net of allowance of $19 and $19 at September 30, 2023 and December 31, 2022, respectively 32,574 34,549
Derivative asset 1,542 31,331
Prepaid expenses and other current assets 40,323 18,854
Total current assets 268,384 246,265
Oil and gas properties, successful efforts method:    
Proved properties 5,488,844 3,987,901
Unproved properties 305,706 282,589
Land 6,338 5,482
Total oil and gas properties 5,800,888 4,275,972
Accumulated depreciation, depletion and amortization (955,434) (619,196)
Net oil and gas properties 4,845,454 3,656,776
Other noncurrent assets:    
Office and other equipment, net of accumulated depreciation of $6,601 and $5,273 at September 30, 2023 and December 31, 2022, respectively 6,724 5,394
Derivative asset 507 9,117
Operating lease right-of-use assets 6,573 4,569
Other noncurrent assets 18,913 15,280
TOTAL ASSETS 5,146,555 3,937,401
Current liabilities:    
Accounts payable 61,995 91,815
Revenues and royalties payable 209,589 163,368
Accrued expenses 221,366 80,942
Asset retirement obligation 415 948
Derivative liability 50,369 14,053
Advances 6,338 7,312
Operating lease liabilities 923 842
Finance lease liabilities 1,359 802
Other current liabilities 23,689 16,202
Total current liabilities 576,043 376,284
Noncurrent liabilities:    
Long-term debt, net 1,722,066 1,053,879
Deferred tax liability 193,266 138,336
Asset retirement obligation 32,210 29,611
Derivative liability 7,612 0
Operating lease liabilities 3,286 3,889
Finance lease liabilities 1,538 876
Other noncurrent liabilities 28,633 10,509
Total noncurrent liabilities 1,988,611 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 1,348,580 1,346,463
Retained earnings 472,659 292,711
Total Earthstone Energy, Inc. equity 1,821,379 1,639,314
Noncontrolling interest 760,522 684,703
Total equity 2,581,901 2,324,017
TOTAL LIABILITIES AND EQUITY 5,146,555 3,937,401
Class A Common Stock    
Equity:    
Common stock 106 106
Class B Common Stock    
Equity:    
Common stock $ 34 $ 34