Leases (Tables)

12 Months Ended

Dec. 31, 2023

The components of lease cost were as follows:


	For the Years Ended December 31,
	2023		2022		2021
Operating Lease Cost	$	63,087	$	56,725	$	60,364
Finance Lease Cost:
Amortization of Right-of-Use Assets	1,628		665		1,577
Interest on Lease Liabilities	429		78		123
Short-term Lease Cost	2,357		7,784		8,589
Variable Lease Cost*	12,401		9,271		7,100
Total Lease Cost	$	79,902	$	74,523	$	77,753

*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,
	2023		2022		2021
Weighted Average Remaining Lease Term (years):
Operating Leases	3.59		4.41		6.20
Finance Leases	4.08		4.01		3.56

Weighted Average Discount Rate:
Operating Leases	4.84	%	4.65	%	4.84	%
Finance Leases	7.35	%	6.17	%	1.72	%

Schedule of Balance Sheet Information

Amounts recognized in the Consolidated Balance Sheets are as follows:


	December 31,
	2023		2022
Operating Leases:
Operating Lease Right-of-Use Assets	$	139,466	$	174,849

Current Portion of Operating Lease Obligations	$	53,791	$	47,436
Operating Lease Obligations	89,531		132,105
Total Operating Lease Liabilities	$	143,322	$	179,541

Finance Leases:
Property, Plant and Equipment	$	10,864	$	6,777
Less—Accumulated Depreciation, Depletion and Amortization	3,502		3,926
Property, Plant and Equipment—Net	$	7,362	$	2,851

Current Portion of Finance Lease Obligations	$	1,862	$	881
Finance Lease Obligations	5,500		1,970
Total Finance Lease Liabilities	$	7,362	$	2,851

Supplemental cash flow information related to leases was as follows:


	For the Years Ended December 31,
	2023		2022		2021
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows for Operating Leases	$	64,139	$	55,729	$	56,966
Operating Cash Flows for Finance Leases	$	429	$	78	$	123
Financing Cash Flows for Finance Leases	$	1,627	$	665	$	2,785
Right-of-Use Assets Obtained in Exchange for Lease Obligations:
Operating Leases	$	19,477	$	36,758	$	4,010
Finance Leases	$	6,178	$	1,742	$	772

Maturity of Lease Liability, Operating

Maturities of lease liabilities are as follows:


	Operating		Finance
	Leases		Leases
Year Ended December 31,
2024	$	59,430	$	2,401
2025	50,373		2,347
2026	19,372		2,278
2027	6,048		1,963
2028	6,109		598
Thereafter	15,422		30
Total Lease Payments	156,754		9,617
Less: Interest	13,432		2,255
Present Value of Lease Liabilities	$	143,322	$	7,362

Maturity of Lease Liability, Financing

Maturities of lease liabilities are as follows:


	Operating		Finance
	Leases		Leases
Year Ended December 31,
2024	$	59,430	$	2,401
2025	50,373		2,347
2026	19,372		2,278
2027	6,048		1,963
2028	6,109		598
Thereafter	15,422		30
Total Lease Payments	156,754		9,617
Less: Interest	13,432		2,255
Present Value of Lease Liabilities	$	143,322	$	7,362