Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lessee, Operating Leases

NOTE 9 - LEASES

We have operating leases for office space and well equipment, and finance leases for vehicles. Our leases have remaining lease terms ranging from one to eleven years. We had short-term lease costs of $80.8 million and $71.4 million for the three months ended June 30, 2022 and June 30, 2021, respectively, and $155.5 million and $110.2 million for the six months ended June 30, 2022 and June 30, 2021, respectively. Our short-term lease costs include amounts that are capitalized as part of the cost of assets and are recorded as properties and equipment, or recognized as expense.

The following table presents the balance sheet classification of our leases as of the dates indicated:

Leases	Condensed Consolidated Balance Sheet Line Item	June 30, 2022			December 31, 2021
		(in thousands)
Operating lease right-of-use assets	Other assets	$	16,198		$	7,630
Finance lease right-of-use assets	Properties and equipment, net	6,352			3,483
Total right-of-use assets		$	22,550		$	11,113
Operating lease obligation - current	Other accrued expenses	5,123			5,937
Operating lease obligation - non-current	Other liabilities	29,298			4,044
Finance lease obligation - current	Other accrued expenses	2,066			1,260
Finance lease obligation - non-current	Other liabilities	4,304			2,230
Total lease liabilities		$	40,791		$	13,471
Weighted average remaining lease term (years)		7.6			2.8
Weighted average discount rate		5.0		%	4.8		%

Lessee, Finance Leases

NOTE 9 - LEASES

We have operating leases for office space and well equipment, and finance leases for vehicles. Our leases have remaining lease terms ranging from one to eleven years. We had short-term lease costs of $80.8 million and $71.4 million for the three months ended June 30, 2022 and June 30, 2021, respectively, and $155.5 million and $110.2 million for the six months ended June 30, 2022 and June 30, 2021, respectively. Our short-term lease costs include amounts that are capitalized as part of the cost of assets and are recorded as properties and equipment, or recognized as expense.

The following table presents the balance sheet classification of our leases as of the dates indicated:

Leases	Condensed Consolidated Balance Sheet Line Item	June 30, 2022			December 31, 2021
		(in thousands)
Operating lease right-of-use assets	Other assets	$	16,198		$	7,630
Finance lease right-of-use assets	Properties and equipment, net	6,352			3,483
Total right-of-use assets		$	22,550		$	11,113
Operating lease obligation - current	Other accrued expenses	5,123			5,937
Operating lease obligation - non-current	Other liabilities	29,298			4,044
Finance lease obligation - current	Other accrued expenses	2,066			1,260
Finance lease obligation - non-current	Other liabilities	4,304			2,230
Total lease liabilities		$	40,791		$	13,471
Weighted average remaining lease term (years)		7.6			2.8
Weighted average discount rate		5.0		%	4.8		%