Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Leases (Tables)

v3.23.2
Note 12 - Leases (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Lease, Cost [Table Text Block]
   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2023

   

2022

   

2023

   

2022

 

Lease cost:

 

(in thousands)

 

Finance lease cost (1)

  $ 4,115     $ 98     $ 8,480     $ 164  

Operating lease cost

    339       4,265       922       8,461  

Short-term lease cost (2)

    1,660       199       3,020       1,213  

Variable lease cost (3)

          1,909             3,247  

Total lease expense

    6,114       6,471       12,422       13,085  

Lease costs capitalized

    7       651       55       1,423  

Total lease costs

  $ 6,121     $ 7,122     $ 12,477     $ 14,508  
   

Six Months Ended June 30,

 
   

2023

   

2022

 

Other information:

               

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

               

Financing cash flows attributable to finance leases (in thousands)

  $ 3,379     $ 26  

Weighted-average remaining lease term (in years)

    8.96       5.17  

Weighted-average discount rate

    8.11 %     3.54 %
                 

Operating cash flows attributable to operating leases (in thousands)

  $ 423     $ 12,816  

Weighted-average remaining lease term (in years)

    0.95       0.70  

Weighted-average discount rate

    10.33 %     5.62 %
Summary of Lease Costs in Consolidated Statements of Operations [Table Text Block]
   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2023

   

2022

   

2023

   

2022

 
   

(in thousands)

 

Finance lease cost

  $ 2,376     $ 57     $ 5,001     $ 96  

Production expense

    1,208       3,720       2,494       7,558  

General and administrative expense

    52       47       98       63  

Lease costs billed to the joint venture owners

    2,481       2,884       4,849       5,886  

Total lease expense

    6,117       6,708       12,442       13,603  

Lease costs capitalized

    4       414       35       905  

Total lease costs

  $ 6,121     $ 7,122     $ 12,477     $ 14,508  
Lessee, Operating and Finance Lease Liability, Maturity [Table Text Block]
   

Operating Leases

   

Finance Leases

 

Year

 

(in thousands)

 

2023

  $ 1,173     $ 7,287  

2024

    672       14,448  

2025

    32       16,202  

2026

          16,478  

2027

          15,023  

Thereafter

          51,527  
      1,877       120,965  

Less: imputed interest

    80       33,425  

Total lease liabilities

  $ 1,797     $ 87,540