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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Total Minimum Commitments

The table below summarizes the Company’s total minimum commitments associated with vessel commitments, purchase obligations and other miscellaneous commitments as of December 31, 2022 (in thousands):

 

2023

 

2024

 

2025

 

2026

 

Thereafter

 

Total

 

Vessel Commitments(1)

$

41,938

 

$

—

 

$

—

 

$

—

 

$

—

 

$

41,938

 

Committed purchase orders(2)

 

41,148

 

 

—

 

 

—

 

 

—

 

 

—

 

 

41,148

 

EnVen Acquisition(3)

 

259,858

 

 

—

 

 

—

 

 

—

 

 

—

 

 

259,858

 

Other commitments(4)

 

9,627

 

 

327

 

 

327

 

 

—

 

 

—

 

 

10,281

 

Total

$

352,571

 

$

327

 

$

327

 

$

—

 

$

—

 

$

353,225

 

 

(1)
Includes vessel commitments the Company will utilize for certain Deepwater well intervention, drilling operations and decommissioning activities. These commitments represent gross contractual obligations and accordingly, other joint owners in the properties operated by the Company will be billed for their working interest share of such costs.
(2)
Includes committed purchase orders to execute planned future drilling activities. These commitments represent gross contractual obligations and accordingly, other joint owners in the properties operated by the Company will be billed for their working interest share of such costs.
(3)
Includes cash consideration and contingent fees related to the EnVen Acquisition. See Note 15 — Subsequent Events for further information on the EnVen Acquisition.
(4)
Includes commitment to acquire additional lease acreage associated with our CCS Segment.
Summary of Decommissioning Obligations Included in Consolidated Balance Sheets

The decommissioning obligations included in the Consolidated Balance Sheets as “Other current liabilities” and “Other long-term liabilities”, and the changes in that liability were as follows (in thousands):

 

Year Ended December 31,

 

 

2022

 

2021

 

2020

 

Balance, beginning of period

$

24,336

 

$

—

 

$

—

 

Additions

 

8,900

 

 

21,056

 

 

—

 

Changes in estimate

 

22,658

 

 

—

 

 

—

 

Reimbursements due from third parties

 

—

 

 

3,280

 

 

—

 

Settlements

 

(1,625

)

 

—

 

 

—

 

Balance, end of period

$

54,269

 

$

24,336

 

$

—

 

Less: Current portion

 

42,069

 

 

3,756

 

 

—

 

Long-term portion

$

12,200

 

$

20,580

 

$

—