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LEASES
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
LEASES LEASES
The Company’s right-of-use assets and lease liabilities are recognized on the accompanying balance sheets based on the present value of the expected lease payments over the lease term. The following table summarizes the asset classes of the Company’s operating leases (in thousands):
September 30, 2022December 31, 2021
Operating Leases
Field equipment(1)
$18,524 $29,312 
Corporate leases8,956 9,484 
Vehicles 670 1,089 
Total right-of-use asset$28,150 $39,885 
Field equipment(1)
$18,524 $29,312 
Corporate leases9,544 9,870 
Vehicles670 1,089 
Total lease liability$28,738 $40,271 
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(1) Includes compressors, certain natural gas processing equipment, and other field equipment.
Future commitments by year for the Company’s leases with a lease term of one year or more as of September 30, 2022 are presented in the table below. Such commitments are reflected at undiscounted values and are reconciled to the discounted present value recognized on the accompanying balance sheets as follows (in thousands):
Operating Leases
Remainder of 2022$5,000 
202313,737 
20245,414 
20252,067 
20261,775 
Thereafter2,369 
Total lease payments30,362 
Less: imputed interest(1,624)
Total lease liability$28,738