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Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies The Company has natural gas transportation and gathering contracts which extend to 2031. Commitments under these contracts are $57.0 million for 2023, $57.5 million for 2024, $45.7 million for 2025, $40.9 million for 2026, $40.7 million for 2027 and $124.3 million for 2028 through 2031. The Company has drilling rig contracts and completion service contracts. Terms of drilling contracts vary from well to well, or are for periods ranging from less than one year to three years. The service contracts with terms less than one year are generally for terms ranging from 45 days to six months. In December 2022, the Company entered into agreements for three new drilling rigs with a three year term and a minimum annual commitment of $12.2 million per drilling rig. The Company expects to take delivery of two of the rigs in the second half of 2023 and the third rig in early 2024. Existing commitments under these contracts are $34.9 million for 2023 and 2024, $36.7 million for 2025, $31.9 million for 2026 and $1.8 million for 2027. In 2021 and 2022, the Company entered into hydraulic fracturing services agreements for exclusive use of two natural gas powered hydraulic fracturing fleets. The term of the agreements are three years and the minimum commitment under these agreements are $19.2 million per year. The Company took delivery of the first fleet in the second quarter of 2022 and expects delivery of the second fleet in the second quarter of 2023. Commitments under these contracts are $33.7 million for 2023, $38.5 million for 2024, $24.3 million for 2025 and $4.7 million for 2026. From time to time, the Company is involved in certain litigation that arise in the normal course of its operations. The Company records a loss contingency for these matters when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company does not believe the resolution of these matters will have a material adverse effect on the Company's financial position, results of operations or cash flows and no material amounts are accrued relative to these matters at December 31, 2022 or 2021.

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