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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Components of Lease Expense | The components of our total lease expense for the two years ended December 31, 2023, the majority of which is included as part of natural gas and oil properties on our consolidated balance sheets, are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 70,781 |  |  | $ | 37,873 |
Variable lease expense (1) |  |  | 25,529 |  |  |  | 22,082 |
Short-term lease expense (2) |  |  | 708 |  |  |  | 1,807 |
Sublease income |  |  | — |  |  |  | (137 | )
Total lease expense |  | $ | 97,018 |  |  | $ | 61,625 |
Short-term lease costs (3) |  | $ | 14,032 |  |  | $ | 17,285 |
(1) | Variable lease payments that are not dependent on an index or rate and are not included in the lease liability or ROU assets.
(2) | Short-term lease expense represents expense related to leases with a contract term of one year or less and are not included in our ROU assets or lease liability in our consolidated balance sheets.
(3) | These short-term lease costs are related to leases with a contract term of one year or less, the majority of which are related to drilling rigs which are capitalized as part of natural gas and oil properties on our consolidated balance sheets and may fluctuate based on the number of drilling rigs being utilized.
Supplemental Cash Flow Information Related to Operating Leases | Supplemental cash flow information related to our operating leases is included in the table below (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 71,669 |  |  | $ | 37,457 |
ROU assets added in exchange for lease obligations |  | $ | 7,421 |  |  | $ | 78,574 |
Supplemental Balance Sheet Information Related to Operating Leases | Supplemental balance sheet information related to our operating leases is included in the table below (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Operating lease ROU assets |  | $ | 23,821 |  |  | $ | 84,070 |
Accrued liabilities – current |  | $ | (11,584 | ) |  | $ | (67,493 | )
Operating lease liabilities – long-term |  | $ | (16,064 | ) |  | $ | (20,903 | )
Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases | Our weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022
Weighted average remaining lease term |  | 2.9 years |  | 2.0 years
Weighted average discount rate |  | 7% |  | 6%
Schedule of Lease Liabilities with Enforceable Contract Terms are Greater Than One year Mature | Our lease liabilities with enforceable contract terms that are greater than one year mature as follows (in thousands):
|  | Operating Leases |
2024 |  | $ | 13,119 |
2025 |  |  | 7,921 |
2026 |  |  | 6,866 |
2027 |  |  | 2,698 |
2028 |  |  | 29 |
Total lease payments |  |  | 30,633 |
Less effects of discounting |  |  | (2,985 | )
Total lease liability |  | $ | 27,648 |
Schedule of Future Minimum Transportation Fees Due | As of December 31, 2023, future minimum transportation and gathering fees under our commitments are as follows (in thousands):
|  | Transportation and Gathering Contracts (a) |
2024 |  | $ | 801,694 |
2025 |  |  | 730,907 |
2026 |  |  | 670,692 |
2027 |  |  | 616,260 |
2028 |  |  | 565,707 |
Thereafter |  |  | 2,504,906 |
|  | $ | 5,890,166 |
(a) | The amounts in this table represent the gross amounts that we are committed to pay; however, we will record in our financial statements our proportionate share of costs based on our working interest which can vary based on volumes produced.
Schedule of Estimated Settlement of Divestiture Contract Obligation Based On Discounted Value | As of December 31, 2023, our estimated settlement of this retained obligation based on a discounted value is as follows (in thousands):
|  | Divestiture Contract Obligation |
2024 |  | $ | 86,762 |
2025 |  |  | 77,418 |
2026 |  |  | 61,805 |
2027 |  |  | 52,622 |
2028 |  |  | 48,116 |
Thereafter |  |  | 70,727 |
|  | $ | 397,450 |
Future Delivery Commitments | As of December 31, 2023, our delivery commitments through 2037 were as follows:
Year Ending December 31, |  | Natural Gas (mmbtu per day) |  | Ethane and Propane (bbls per day)
2024 |  | 302,404 |  | 70,000
2025 |  | 282,493 |  | 54,932
2026 |  | 200,548 |  | 50,000
2027 |  | 100,000 |  | 46,233
2028 |  | 100,000 |  | 45,000
2029 |  | 100,000 |  | 33,444
2030 |  | — |  | 30,000
2031 |  | — |  | 16,575
2032-2037 |  | — |  | 10,000 (each year)

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- Definition Tabular disclosure of obligation to provide fixed and determinable quantity of oil and gas under existing contract or agreement. Includes, but is not limited to, principal source and quantity of oil and gas expected to be received and quantity of oil and gas subject to delivery commitment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1207 -Publisher SEC + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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