XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 5,311 $ 13,822
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 12,097 29,047
Joint interest billings and other, net of allowance of $80 and $83 at September 30, 2020 and December 31, 2019, respectively 11,548 6,672
Derivative asset 25,097 8,860
Prepaid expenses and other current assets 1,560 1,867
Total current assets 55,613 60,268
Oil and gas properties, successful efforts method:    
Proved properties 995,666 970,808
Unproved properties 236,482 260,271
Land 5,382 5,382
Total oil and gas properties 1,237,530 1,236,461
Accumulated depreciation, depletion and amortization (271,012) (195,567)
Net oil and gas properties 966,518 1,040,894
Other noncurrent assets:    
Goodwill 0 17,620
Office and other equipment, net of accumulated depreciation and amortization of $3,558 and $3,180 at September 30, 2020 and December 31, 2019, respectively 1,044 1,311
Derivative asset 4,727 770
Operating lease right-of-use assets 2,769 3,108
Other noncurrent assets 1,331 1,572
TOTAL ASSETS 1,032,002 1,125,543
Current liabilities:    
Accounts payable 6,910 25,284
Revenues and royalties payable 28,047 35,815
Accrued expenses 12,844 19,538
Asset retirement obligation 308 308
Derivative liability 1,040 6,889
Advances 93 11,505
Operating lease liabilities 768 570
Finance lease liabilities 96 206
Other current liabilities 11 43
Total current liabilities 50,117 100,158
Noncurrent liabilities:    
Long-term debt 130,000 170,000
Deferred tax liability 15,294 15,154
Asset retirement obligation 2,027 1,856
Derivative liability 577 0
Operating lease liabilities 2,001 2,539
Finance lease liabilities 15 85
Other noncurrent liabilities 138 0
Total noncurrent liabilities 150,052 189,634
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 537,990 527,246
Accumulated deficit (186,787) (181,711)
Total Earthstone Energy, Inc. equity 351,268 345,599
Noncontrolling interest 480,565 490,152
Total equity 831,833 835,751
TOTAL LIABILITIES AND EQUITY 1,032,002 1,125,543
Common Class A [Member]    
Equity:    
Class A Common Stock, $0.001 par value, 200,000,000 shares authorized; 30,210,749 and 29,421,131 issued and outstanding at September 30, 2020 and December 31, 2019, respectively 30 29
Common Class B [Member]    
Equity:    
Class A Common Stock, $0.001 par value, 200,000,000 shares authorized; 30,210,749 and 29,421,131 issued and outstanding at September 30, 2020 and December 31, 2019, respectively $ 35 $ 35