XML 46 R28.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease, Cost
The following table presents supplemental consolidated statement of operations information related to lease expenses, on a gross basis, for the years ended December 31, 2021 and 2020, respectively (in thousands). Lease payments represent gross payments to vendors, which, for certain of the Company’s operating assets, are partially offset by amounts received from other working interest owners in the Company’s operated wells.
Year Ended December 31,
20212020
Operating leases
Lease operating$11,393 $12,994 
Plant and other midstream services36 28 
General and administrative3,645 3,698 
Total operating leases(1)
15,074 16,720 
Short-term leases
Lease operating11,234 12,890 
Plant and other midstream services4,037 5,689 
General and administrative37 47 
Total short-term leases(2)(3)
15,308 18,626 
Financing leases
Depreciation of assets566 747 
Interest on lease liabilities138 123 
Total financing leases704 870 
Total lease expense$31,086 $36,216 
_____________________
(1)     Does not include gross payments related to drilling rig leases of $31.9 million and $33.6 million for the years ended December 31, 2021 and 2020, respectively, that were capitalized and recorded in “Oil and natural gas properties, full-cost method” in the consolidated balance sheets at December 31, 2021 and 2020, respectively.
(2)    These costs are related to leases that are not recorded as right of use assets or lease liabilities in the consolidated balance sheets as they are short-term leases.
(3)    Does not include gross payments related to short-term drilling rig leases and other equipment rentals of $61.7 million and $65.3 million for the years ended December 31, 2021 and 2020, respectively, that were capitalized and recorded in “Oil and natural gas properties, full-cost method” in the consolidated balance sheets at December 31, 2021 and 2020, respectively.
The following table presents supplemental consolidated cash flow information related to lease payments for the year ended December 31, 2021 and 2020, respectively (in thousands).
Year Ended December 31,
20212020
Cash paid related to lease liabilities
Operating cash payments for operating leases$14,430 $15,664 
Investing cash payments for operating leases$31,967 $33,556 
Financing cash payments for financing leases$629 $790 
Right of use assets obtained in exchange for lease obligations entered into during the period
Operating leases$18,454 $12,474 
Financing leases$2,241 $996 
Assets And Liabilities, Lessee
The following table presents supplemental consolidated balance sheet information related to leases as of December 31, 2021 and 2020, respectively (in thousands).
December 31,
20212020
Operating leases
Other long-term assets$29,519 $51,528 
Other current liabilities$(19,649)$(35,716)
Other long-term liabilities(15,340)(21,598)
Total operating lease liabilities$(34,989)$(57,314)
Financing leases
Other property and equipment, at cost$5,914 $3,673 
Accumulated depreciation(3,485)(2,134)
Net property and equipment$2,429 $1,539 
Other current liabilities$(378)$(621)
Other long-term liabilities(45)(256)
Total financing lease liabilities$(423)$(877)
Lessee, Lease Terms
The following table presents the maturities of lease liabilities at December 31, 2021 (in years).
Weighted-Average Remaining Lease TermDecember 31, 2021
Operating leases2.5
Financing leases1.7
Finance Lease, Liability, Maturity
The following table presents a schedule of future minimum lease payments required under all lease agreements as of December 31, 2021 (in thousands). 
December 31, 2021
Operating LeasesFinancing Leases
2022$19,649 $378 
20236,830 180 
20244,217 37 
20254,287 — 
20261,553 — 
Thereafter— — 
Total lease payments36,536 595 
Less imputed interest(1,547)(172)
Total lease obligations34,989 423 
Less current obligations(19,649)(378)
Long-term lease obligations$15,340 $45 
Lessee, Operating Lease, Liability, Maturity
The following table presents a schedule of future minimum lease payments required under all lease agreements as of December 31, 2021 (in thousands). 
December 31, 2021
Operating LeasesFinancing Leases
2022$19,649 $378 
20236,830 180 
20244,217 37 
20254,287 — 
20261,553 — 
Thereafter— — 
Total lease payments36,536 595 
Less imputed interest(1,547)(172)
Total lease obligations34,989 423 
Less current obligations(19,649)(378)
Long-term lease obligations$15,340 $45