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Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases Leases
We lease certain pipeline and transportation equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term.
Our leases do not have any outstanding renewal options. Certain leases also include options to purchase the leased equipment.
Certain of our lease agreements include rates based on equipment usage and others include rate inflationary indices based increases. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The following table presents additional information related to our operating leases in accordance ASC 842:
Year Ended December 31,Year Ended December 31,
(in thousands)20212020
Lease Cost (1)
Operating lease cost$12,586 $7,478 
Short-term lease cost1,609 1,852 
Variable lease costs600 1,002 
Total lease cost$14,795 $10,332 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(12,586)$(7,478)
Leased assets obtained in exchange for new operating lease liabilities$6,386 $26,528 
Leased assets obtained in exchange for new financing lease liabilities$3,071 $5,562 
December 31, 2021December 31, 2020
Weighted-average remaining lease term (years) for operating leases3.333.56
Weighted-average discount rate (2) operating leases
5.8 %6.0 %
Weighted-average remaining lease term (years) for finance lease2.102.92
Weighted-average discount rate (2) finance lease
1.8 %1.8 %
(1) Includes an immaterial amount of financing lease.
(2) Our discount rate is primarily based on our incremental borrowing rate in accordance with ASC 842.
The following is an estimate of the maturity of our lease liabilities for operating leases having remaining noncancellable terms in excess of one year as of December 31, 2021 (in thousands) under ASC 842:
2022$7,775 
20237,087 
20244,894 
20252,371 
2026413 
Thereafter425 
Total lease payments$22,965 
Less: Interest2,083 
Present value of lease liabilities$20,882 
The following is an estimate of the maturity of our lease liabilities for financing leases having remaining noncancellable terms in excess of one year as of December 31, 2021 (in thousands) under ASC 842:
2022$2,965 
20232,807 
2024320 
202524 
2026— 
Thereafter— 
Total lease payment$6,116 
Less: Interest116 
Present values of lease liabilities$6,000