Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

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

Three Months Ended September 30,

Nine Months Ended September 30,

2021

2020

2021

2020

Lease cost:

(in thousands)

Operating lease cost

$

4,386

$

4,519

$

13,266

$

13,044

Short-term lease cost

585

457

1,828

908

Variable lease cost

1,584

1,715

4,645

5,779

Total lease expense

6,555

6,691

19,739

19,731

Lease costs capitalized

—

11

—

3,470

Total lease costs

$

6,555

$

6,702

$

19,739

$

23,201

Other information:

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

2021

2020

Operating cash flows attributable to operating leases

$

18,018

$

20,564

Weighted-average remaining lease term

1.0 years

2.0 years 

Weighted-average discount rate

6.09%

6.09% 
Lease Cost on Consolidated Statement of Operations

Three Months Ended September 30,

Nine Months Ended September 30,

2021

2020

2021

2020

(in thousands)

Production expense

$

3,827

$

2,063

$

10,328

$

6,082

General and administrative expense

49

49

145

147

Lease costs billed to the joint venture owners

2,679

4,586

9,266

15,807

Total lease expense

6,555

6,698

19,739

22,036

Lease costs capitalized

—

4

—

1,165

Total lease costs

$

6,555

$

6,702

$

19,739

$

23,201

Schedule of Future Maturities of Operating Lease Liabilities

Lease Obligation

Year

(in thousands)

2021

$

3,489

2022

9,685

2023

179

13,353

Less: imputed interest

370

Total lease liabilities

$

12,983