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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Components of Lease Costs
The Company’s long-term leases consist primarily of office space, vehicles and other property and equipment used in its operations. The components of lease costs attributable to continuing operations were as follows for the periods presented:
Year Ended December 31,
202320222021
 (In thousands)
Operating lease costs$9,853 $11,292 $2,966 
Variable lease costs(1)
13,391 8,562 1,737 
Short-term lease costs56,100 25,716 8,244 
Sublease income(199)— — 
Finance lease costs:
Amortization of ROU assets1,367 1,342 1,578 
Interest on lease liabilities126 65 86 
Total lease costs$80,638 $46,977 $14,611 
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(1)Based on payments made by the Company to lessors for the right to use an underlying asset that vary because of changes in circumstances occurring after the commencement date, other than the passage of time, such as property taxes, operating and maintenance costs, which do not depend on an index or rate.
Schedule of Maturities of Company's Finance Leases
As of December 31, 2023, maturities of the Company’s lease liabilities were as follows:
Operating LeasesFinance Leases
 (In thousands)
2024$14,880 $1,025 
20257,997 913 
20265,100 684 
20272,116 352 
20282,010 17 
Thereafter3,425 — 
Total future lease payments35,528 2,991 
Less: Imputed interest3,548 249 
Present value of future lease payments$31,980 $2,742 
Schedule of Maturities of Company's Operating Leases
As of December 31, 2023, maturities of the Company’s lease liabilities were as follows:
Operating LeasesFinance Leases
 (In thousands)
2024$14,880 $1,025 
20257,997 913 
20265,100 684 
20272,116 352 
20282,010 17 
Thereafter3,425 — 
Total future lease payments35,528 2,991 
Less: Imputed interest3,548 249 
Present value of future lease payments$31,980 $2,742 
Schedule of Supplemental Balance Sheet Information Related to Company's Leases
Supplemental balance sheet information related to the Company’s leases were as follows:
Balance Sheet LocationDecember 31, 2023December 31, 2022
 (In thousands)
Assets
Operating lease assets(1)
Operating right-of-use assets$21,343 $23,875 
Finance lease assets(2)(3)
Other assets2,748 1,803 
Total lease assets$24,091 $25,678 
Liabilities
Current
Operating lease liabilities(1)
Current operating lease liabilities$13,258 $9,941 
Finance lease liabilities(3)
Other current liabilities916 1,012 
Long-term
Operating lease liabilities(1)
Operating lease liabilities18,667 13,266 
Finance lease liabilities(3)
Other liabilities1,881 789 
Total lease liabilities$34,722 $25,008 
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(1)The Company acquired certain operating leases for office buildings and operating equipment in connection with the Merger. As of December 31, 2022, these included operating lease assets of $14.5 million, current operating lease liabilities of $2.5 million and long-term operating lease liabilities of $11.9 million.
(2)Finance lease ROU assets are recorded net of accumulated amortization of $1.2 million as of December 31, 2023 and $1.6 million as of December 31, 2022.
(3)The Company acquired certain finance leases for vehicles in connection with the Merger. As of December 31, 2022, these included finance lease assets of $1.4 million, current finance lease liabilities of $0.8 million and long-term finance lease liabilities of $0.6 million.
Schedule of Supplemental Cash Flow Information and Non-cash Transactions
Supplemental cash flow information and non-cash transactions related to the Company’s leases were as follows:
Year Ended December 31,
202320222021
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$15,627 $15,843 $3,420 
Operating cash flows from finance leases160 57 62 
Financing cash flows from finance leases1,702 1,299 1,161 
ROU assets obtained in exchange for lease obligations
Operating leases(1)
$22,201 $20,164 $14,140 
Finance leases(2)
2,307 2,659 127 
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(1)The year ended December 31, 2022 includes $15.8 million related to operating leases acquired in the Merger. The year ended December 31, 2021 includes $12.3 million related to operating leases acquired in the 2021 Williston Basin Acquisition.
(2)The year ended December 31, 2022 includes $2.1 million related to finance leases acquired in the Merger.
Schedule of Weighted-average Lease Terms and Discount Rates for the Company's Leases
Weighted-average remaining lease terms and discount rates for the Company’s leases were as follows:
December 31,
20232022
Operating Leases
Weighted average remaining lease term3.6 years4.6 years
Weighted average discount rate6.3 %4.9 %
Finance Leases
Weighted average remaining lease term3.2 years2.3 years
Weighted average discount rate5.7 %5.4 %