Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Components of Lease Costs

Three Months Ended June 30,

Six Months Ended June 30,

2021

2020

2021

2020

Lease cost:

(in thousands)

Operating lease cost

$

4,490

$

4,335

$

8,880

$

8,525

Short-term lease cost

449

(581)

1,243

451

Variable lease cost

1,627

2,138

3,061

4,064

Total lease expense

6,566

5,892

13,184

13,040

Lease costs capitalized

—

178

—

3,459

Total lease costs

$

6,566

$

6,070

$

13,184

$

16,499

Other information:

Cash paid for amounts included in the measurement of lease liabilities:

2021

2020

Operating cash flows attributable to operating leases

$

11,863

$

13,966

Weighted-average remaining lease term

1.25 years

2.2 years 

Weighted-average discount rate

6.09%

6.13% 
Lease Cost on Consolidated Statement of Operations

Three Months Ended June 30,

Six Months Ended June 30,

2021

2020

2021

2020

(in thousands)

Production expense

$

3,852

$

1,814

$

6,501

$

4,019

General and administrative expense

47

49

96

98

Lease costs billed to the joint venture owners

2,667

4,148

6,587

11,221

Total lease expense

6,566

6,011

13,184

15,338

Lease costs capitalized

—

59

—

1,161

Total lease costs

$

6,566

$

6,070

$

13,184

$

16,499

Schedule of Future Maturities of Operating Lease Liabilities

Lease Obligation

Year

(in thousands)

2021

$

6,978

2022

9,685

2023

179

16,842

Less: imputed interest

586

Total lease liabilities

$

16,256