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INCOME TAXES
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe difference between the U.S. federal statutory tax rate of 21% and our effective tax rate of 29% for the three months ended June 30, 2022 primarily relates to state taxes. The difference between the U.S. federal statutory tax rate of 21% and our effective tax rate of 77% for the six months ended June 30, 2022 primarily relates to state taxes and recording a valuation allowance for a capital loss realized on the Lost Hills divestiture, the deductibility of which is limited to future capital gains. The difference between the U.S. federal statutory tax rate of 21% and our effective tax rate of zero for the three and six months ended June 30, 2021, primarily relates to state taxes and changes to maintain a full valuation allowance against our net deferred tax assets given our anticipated future earnings trends at that time. Realization of our deferred tax assets is subjective and remains dependent on a number of factors including our ability to generate sufficient taxable income, including capital gains, in future periods.