Leases (Tables)

12 Months Ended

Dec. 31, 2022

The components of lease cost were as follows:


	For the Years Ended December 31,
	2022		2021		2020
Operating Lease Cost	$	56,725	$	60,364	$	74,703
Finance Lease Cost:
Amortization of Right-of-Use Assets	665		1,577		4,959
Interest on Lease Liabilities	78		123		739
Short-term Lease Cost	7,784		8,589		3,252
Variable Lease Cost*	9,271		7,100		9,634
Total Lease Cost	$	74,523	$	77,753	$	93,287

*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,
	2022		2021		2020
Weighted Average Remaining Lease Term (years):
Operating Leases	4.41		6.20		4.68
Finance Leases	4.01		3.56		1.37

Weighted Average Discount Rate:
Operating Leases	4.65	%	4.84	%	4.40	%
Finance Leases	6.17	%	1.72	%	6.33	%

Schedule of Balance Sheet Information

Amounts recognized in the Consolidated Balance Sheets are as follows:


	December 31,
	2022		2021
Operating Leases:
Operating Lease Right-of-Use Assets	$	174,849	$	56,022

Current Portion of Operating Lease Obligations	$	47,436	$	22,940
Operating Lease Obligations	132,105		33,672
Total Operating Lease Liabilities	$	179,541	$	56,612

Finance Leases:
Property, Plant and Equipment	$	6,777	$	5,613
Less—Accumulated Depreciation, Depletion and Amortization	3,926		3,840
Property, Plant and Equipment—Net	$	2,851	$	1,773

Current Portion of Finance Lease Obligations	$	881	$	555
Finance Lease Obligations	1,970		1,218
Total Finance Lease Liabilities	$	2,851	$	1,773

Supplemental cash flow information related to leases was as follows:


	For the Years Ended December 31,
	2022		2021		2020
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows for Operating Leases	$	55,729	$	56,966	$	62,610
Operating Cash Flows for Finance Leases	$	78	$	123	$	739
Financing Cash Flows for Finance Leases	$	665	$	2,785	$	7,155
Right-of-Use Assets Obtained in Exchange for Lease Obligations:
Operating Leases	$	36,758	$	4,010	$	4,027
Finance Leases	$	1,742	$	772	$	257

Maturity of Lease Liability, Operating

Maturities of lease liabilities are as follows:


	Operating		Finance
	Leases		Leases
Year Ended December 31,
2023	$	54,681	$	1,057
2024	51,477		822
2025	47,523		680
2026	18,398		611
2027	6,048		332
Thereafter	21,532		66
Total Lease Payments	199,659		3,568
Less: Interest	20,118		717
Present Value of Lease Liabilities	$	179,541	$	2,851

Maturity of Lease Liability, Financing

Maturities of lease liabilities are as follows:


	Operating		Finance
	Leases		Leases
Year Ended December 31,
2023	$	54,681	$	1,057
2024	51,477		822
2025	47,523		680
2026	18,398		611
2027	6,048		332
Thereafter	21,532		66
Total Lease Payments	199,659		3,568
Less: Interest	20,118		717
Present Value of Lease Liabilities	$	179,541	$	2,851