Leases (Tables)

12 Months Ended

Dec. 31, 2021

The components of lease cost were as follows:


	For the Years Ended December 31,
	2021		2020		2019
Operating Lease Cost	$	60,364	$	74,703	$	73,809
Finance Lease Cost:
Amortization of Right-of-Use Assets	1,577		4,959		5,242
Interest on Lease Liabilities	123		739		1,241
Short-term Lease Cost	8,589		3,252		5,547
Variable Lease Cost*	7,100		9,634		17,337
Total Lease Cost	$	77,753	$	93,287	$	103,176

*Amounts recognized in the Consolidated Balance Sheets for natural gas drilling rigs are measured using the rates that would be paid if the rigs were idle, as this represents the minimum payment that could be made under the contract. Variable lease cost represents amounts paid for natural gas drilling rigs above this minimum when the rigs are in use. Amounts recognized in the Consolidated Balance Sheets for electric fracturing equipment are measured using minimum pumping hours under the contract; however, pumping hours may exceed the minimum and vary period to period. Any such amounts paid related to pumping hours in excess of the minimum represent variable lease cost.

Lease terms and discount rates are as follows:


	For the Years Ended December 31,
	2021		2020		2019
Weighted Average Remaining Lease Term (years):
Operating Leases	6.20		4.68		4.39
Finance Leases	3.56		1.37		2.16

Weighted Average Discount Rate:
Operating Leases	4.84	%	4.40	%	4.96	%
Finance Leases	1.72	%	6.33	%	6.92	%

Schedule of Balance Sheet Information

Amounts recognized in the Consolidated Balance Sheets are as follows:


	December 31,
	2021		2020
Operating Leases:
Operating Lease Right-of-Use Asset	$	56,022	$	108,683

Current Portion of Operating Lease Obligations	$	22,940	$	52,575
Operating Lease Obligations	33,672		53,235
Total Operating Lease Liabilities	$	56,612	$	105,810

Finance Leases:
Property, Plant and Equipment	$	5,613	$	72,653
Less—Accumulated Depreciation, Depletion and Amortization	3,840		67,508
Property, Plant and Equipment—Net	$	1,773	$	5,145

Current Portion of Finance Lease Obligations	$	555	$	6,876
Finance Lease Obligations	1,218		1,057
Total Finance Lease Liabilities	$	1,773	$	7,933

Supplemental cash flow information related to leases was as follows:


	For the Years Ended December 31,
	2021		2020		2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows for Operating Leases	$	56,966	$	62,610	$	66,827
Operating Cash Flows for Finance Leases	$	123	$	739	$	1,241
Financing Cash Flows for Finance Leases	$	2,785	$	7,155	$	7,149
Right-of-Use Assets Obtained in Exchange for Lease Obligations:
Operating Leases	$	4,010	$	4,027	$	15,347
Finance Leases	$	772	$	257	$	1,846

Maturity of Lease Liability, Operating

Maturities of lease liabilities are as follows:


	Operating		Finance
	Leases		Leases
Year Ended December 31,
2022	$	25,008	$	585
2023	5,453		611
2024	5,433		324
2025	4,824		209
2026	4,722		148
Thereafter	21,275		2
Total Lease Payments	66,715		1,879
Less: Interest	10,103		106
Present Value of Lease Liabilities	$	56,612	$	1,773

Maturity of Lease Liability, Financing

Maturities of lease liabilities are as follows:


	Operating		Finance
	Leases		Leases
Year Ended December 31,
2022	$	25,008	$	585
2023	5,453		611
2024	5,433		324
2025	4,824		209
2026	4,722		148
Thereafter	21,275		2
Total Lease Payments	66,715		1,879
Less: Interest	10,103		106
Present Value of Lease Liabilities	$	56,612	$	1,773