Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments And Contingencies.

Schedule of funding commitment

The table below outlines our funding commitment under these agreements at December 31, 2022 (in thousands):

	Payment Due by Period
Funding commitment	Total		2023		2024		2025		2026		2027		Thereafter (1)
Sinking fund payments	$	165,913	$	8,025	$	15,789	$	15,789	$	15,789	$	15,789	$	94,732

(1) The remaining payments will be made during the years of 2028 through 2033.

Purchase Commitments Under the Contracts

At December 31, 2022, the Company had a CO₂ purchase commitment with a third party associated with its Wyoming Bairoil properties. The price we will pay for CO₂ generally varies depending on the amount of CO₂ delivered and the price of oil. The table below outlines its purchase commitments under these contracts based on pricing at December 31, 2022 (in thousands):

	Payment or Settlement Due by Period
Purchase commitment	Total		2023		2024		2025		2026		2027		Thereafter
CO2 minimum purchase commitment	$	11,876	$	3,851	$	4,076	$	3,949	$	—	$	—	$	—

At December 31, 2022, the Company has a long-term minimum volume commitment with a third party associated with a certain portion of its properties located in Oklahoma. The table below outlines the future payment commitments associated with the minimum volume commitment plus any applicable fee for not meeting the minimum volume commitment (in thousands):

	Payment or Settlement Due by Period (1)
	Total		2023		2024		2025		2026		2027		Thereafter
Minimum volume commitment	$	3,243	$	3,243	$	—	$	—	$	—	$	—	$	—

(2) The amounts in the table do not reflect costs adjusted for inflation.