XML 23 R12.htm IDEA: XBRL DOCUMENT

LEASES

9 Months Ended

Sep. 30, 2021

6. LEASES

The Company leases certain vehicles, seismic recording equipment, real property and office equipment under lease agreements. The Company evaluates each lease to determine its appropriate classification as an operating lease or finance lease for financial reporting purposes. The majority of our operating leases are non-cancelable operating leases for office and shop space in Midland, Plano, Houston, Denver, Oklahoma City and Calgary, Alberta. There have been no material changes to our leases since the Company’s most recent Annual Report on Form 10-K that was filed with the SEC on March 16, 2021.

Maturities of lease liabilities as of September 30, 2021 are as follows (in thousands):


	Operating Leases		Finance Leases
October 2021 - September 2022	$	1,243	$	45
October 2022 - September 2023		1,166		10
October 2023 - September 2024		1,188		—
October 2024 - September 2025		943		—
October 2025 - September 2026		892		—
Thereafter		451		—
Total payments under lease agreements		5,883		55

Less imputed interest		(700)		(2)

Total lease liabilities	$	5,183	$	53