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Leases | 6 Months Ended
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Jun. 30, 2026
Leases [Abstract] |
Leases | Leases We have commitments under operating leases primarily related to office leases and as well as the commitment under the TEN FPSO finance lease. Our leases have initial lease terms ranging from one year to ten years. Certain lease agreements contain provisions for future rent increases. Other information related to operating and finance leases at June 30, 2026 and December 31, 2025, is as follows:
| June 30, 2026 |  | December 31, 2025
| (In thousands, except lease term discount rate)
Balance sheet classifications |  |  |
Operating leases |  |  |
Other assets (right-of-use assets) | $ | 8,705 |  |  | $ | 10,059 |
Accrued liabilities (current maturities of leases) | 3,060 |  |  | 2,777 |
Other long-term liabilities (non-current maturities of leases) | 7,852 |  |  | 9,438 |
Finance leases |  |  |
Property and equipment, net(1) | 69,454 |  |  | — |
Accrued liabilities | 73,203 |  |  | — |
(1) Represents $88.2 million of proved property additions or our proportionate share of the TEN FPSO finance lease asset offset by depletion expense of approximately $18.7 million for the period ended June 30, 2026. Future minimum rental commitments under our leases as of June 30, 2026, are as follows:
| Operating Leases(1) |  | Financing Leases(1)
| (In thousands)
2026(2) | $ | 2,017 |  |  | $ | 24,504 |
2027 | 3,951 |  |  | 52,514 |
2028 | 3,744 |  |  | — |
2029 | 3,176 |  |  | — |
2030 | — |  |  | — |
Thereafter | — |  |  | — |
Total undiscounted lease payments | $ | 12,888 |  |  | $ | 77,018 |
Less: Imputed interest | (1,976) |  |  | (3,815) |
Total lease liabilities | $ | 10,912 |  |  | $ | 73,203 |
__________________________________ (1) Does not include purchase commitments for jointly owned fields and facilities where we are not the operator and excludes commitments for exploration activities, including well commitments, in our petroleum contracts. (2) Represents the period July 1, 2026 through December 31, 2026
Leases | Leases We have commitments under operating leases primarily related to office leases and as well as the commitment under the TEN FPSO finance lease. Our leases have initial lease terms ranging from one year to ten years. Certain lease agreements contain provisions for future rent increases. Other information related to operating and finance leases at June 30, 2026 and December 31, 2025, is as follows:
| June 30, 2026 |  | December 31, 2025
| (In thousands, except lease term discount rate)
Balance sheet classifications |  |  |
Operating leases |  |  |
Other assets (right-of-use assets) | $ | 8,705 |  |  | $ | 10,059 |
Accrued liabilities (current maturities of leases) | 3,060 |  |  | 2,777 |
Other long-term liabilities (non-current maturities of leases) | 7,852 |  |  | 9,438 |
Finance leases |  |  |
Property and equipment, net(1) | 69,454 |  |  | — |
Accrued liabilities | 73,203 |  |  | — |
(1) Represents $88.2 million of proved property additions or our proportionate share of the TEN FPSO finance lease asset offset by depletion expense of approximately $18.7 million for the period ended June 30, 2026. Future minimum rental commitments under our leases as of June 30, 2026, are as follows:
| Operating Leases(1) |  | Financing Leases(1)
| (In thousands)
2026(2) | $ | 2,017 |  |  | $ | 24,504 |
2027 | 3,951 |  |  | 52,514 |
2028 | 3,744 |  |  | — |
2029 | 3,176 |  |  | — |
2030 | — |  |  | — |
Thereafter | — |  |  | — |
Total undiscounted lease payments | $ | 12,888 |  |  | $ | 77,018 |
Less: Imputed interest | (1,976) |  |  | (3,815) |
Total lease liabilities | $ | 10,912 |  |  | $ | 73,203 |
__________________________________ (1) Does not include purchase commitments for jointly owned fields and facilities where we are not the operator and excludes commitments for exploration activities, including well commitments, in our petroleum contracts. (2) Represents the period July 1, 2026 through December 31, 2026

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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