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v3.22.2.2

Leases | 9 Months Ended
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Sep. 30, 2022
Leases |
Leases | 7.Leases In the normal course of business, we enter into operating lease agreements to support our operations. Our leased assets include right-of-way easements for our wells and facilities, office space and other assets. We currently have no finance leases. Balance Sheet Information The following table provides supplemental consolidated balance sheet information related to leases: ​
​ | ​ | ​ | ​ | ​ | ​
(in thousands) | Classification |  | September 30, 2022
Assets | ​ | ​ | ​ | ​ | ​
Right-of-Use Assets | Consolidated Balance Sheet | ​ | $ | 7,635
​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​
Current Lease Liabilities | Accrued and Other Current Liabilities | ​ | $ | 1,025
Noncurrent Lease Liabilities | Other Long-Term Liabilities | ​ | ​ | 6,202
​ Statement of Operations Information The following table provides the components of lease cost, excluding lease cost related to short-term leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | ​ | ​ | September 30, | ​ | September 30,
(in thousands) | ​ | ​ |  | 2022 |  | 2022
Direct Operating Costs | ​ | ​ | ​ | $ | 244 | ​ | $ | 690
General and Administrative | ​ | ​ | ​ | ​ | 166 | ​ | ​ | 498
Total Lease Cost | ​ | ​ | ​ | $ | 410 | ​ | $ | 1,188
​ Short-Term Leases Our short-term lease cost, which consisted primarily of field equipment rentals, totaled $3.9 million and $7.7 million for the three and nine months ended September 30, 2022. Cash Flow Information The following table summarizes supplemental cash flow information related to leases: ​
​ | ​ | ​ | ​
​ | ​ | Nine Months Ended
​ | ​ | September 30,
(in thousands) |  | 2022
Cash Paid for Amounts Included in Lease Liabilities | ​ | $ | 969
Right-of-Use Assets Obtained in Exchange for Operating Lease Liabilities, net | ​ | ​ | 723
​ Lease Terms and Discount Rates The following table provides lease terms and discount rates related to leases: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ | ​
Weighted Average Remaining Lease Term (Years) | ​ | ​ | ​ | 6.7
Weighted Average Discount Rate | ​ | ​ | ​ | 2.85%
​ Annual Lease Maturities The following table provides maturities of lease liabilities at September 30, 2022:
​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | ​ |  | ​ | ​
2022 remaining | ​ | ​ | ​ | $ | 277
2023 | ​ | ​ | ​ | ​ | 1,073
2024 | ​ | ​ | ​ | ​ | 984
2025 | ​ | ​ | ​ | ​ | 746
2026 | ​ | ​ | ​ | ​ | 671
Thereafter | ​ | ​ | ​ | ​ | 4,347
Total Lease Payments | ​ | ​ | ​ | ​ | 8,098
Less: Interest | ​ | ​ | ​ | ​ | (871)
Present Value of Lease Liabilities | ​ | ​ | ​ | $ | 7,227
​ Future Minimum Lease Commitments Future minimum lease commitments under non-cancellable leases at December 31, 2021 were as follows:
​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | ​ |  | ​ | ​
2022 | ​ | ​ | ​ | $ | 824
2023 | ​ | ​ | ​ | ​ | 638
2024 | ​ | ​ | ​ | ​ | 622
2025 | ​ | ​ | ​ | ​ | 514
2026 | ​ | ​ | ​ | ​ | 438
Thereafter | ​ | ​ | ​ | ​ | 816
Total | ​ | ​ | ​ | $ | 3,852
​ ​ Leases That Have Not Yet Commenced During the third quarter of 2022, we entered into an additional operating lease for office space. The lease will commence during the fourth quarter of 2022. Undiscounted future lease payments of $0.7 million will be included in the determination of the right-of-use asset and lease liability upon lease commencement.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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