LEASES (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Components Of The Lease Costs And Supplemental Information

For the years ended December 31, 2025, 2024 and 2023, the components of the lease costs and supplemental information was as follows:

	Year Ended December 31,
	2025		2024		2023
Lease cost:	(in thousands)
Finance lease cost (1):
Amortization of lease assets	$	13,558	$	12,924	$	10,253
Interest on lease liabilities	5,449		6,274		7,044
Operating lease cost	5,018		5,100		1,403
Short-term lease cost (2)	845		893		6,574
Variable lease cost (3)	1,964		1		653
Total lease expense	26,834		25,192		25,927
Lease costs capitalized	761		—		55
Total lease costs	$	27,595	$	25,192	$	25,982

(1)Represents depreciation and interest associated with financing leases.

(2)Represents short term leases under contracts that are 1 year or less where a ROU asset and lease liability are not required to be recorded.

(3)Variable costs represent differences between minimum lease costs and actual lease costs incurred under lease contracts.

Other information:

	Year Ended December 31,
	2025			2024			2023
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows attributable to finance leases (in thousands)	$	13,289		$	10,477		$	7,161
Weighted-average remaining lease term (in years)	6.47			7.36			8.16
Weighted-average discount rate	7.21		%	7.16		%	7.99		%
Operating cash flows attributable to operating leases (in thousands)	$	6,531		$	2,127		$	505
Weighted-average remaining lease term (in years)	3.29			4.09			0.67
Weighted-average discount rate	6.53		%	6.14		%	8.45		%

Schedule of Lease Costs in Consolidated Statements of Operations

The table below describes the presentation of the total lease cost on the Company’s consolidated statements of operations and other comprehensive income (loss). As discussed above, the Company’s joint venture owners are required to reimburse the Company for their share of certain expenses, including certain lease costs.

	Year Ended December 31,
	2025		2024		2023
	(in thousands)
Finance lease cost	$	11,179	$	11,290	$	10,231
Production expense	4,309		3,517		3,556
General and administrative expense	500		346		196
Lease costs billed to the joint venture owners	10,846		10,039		11,964
Total lease expense	26,834		25,192		25,947
Lease costs capitalized	761		—		35
Total lease costs	$	27,595	$	25,192	$	25,982

Summary of Future Maturities of the Company’s Financing Lease Liabilities

The following table describes the future maturities of the Company’s operating and financing lease liabilities at December 31, 2025:

	Operating Leases		Finance Leases
Year	(in thousands)
2026	$	6,646	$	16,676
2027	5,431		15,216
2028	5,202		11,660
2029	958		11,660
2030	626		12,568
Thereafter	—		17,884
	18,863		85,664
Less: imputed interest	(1,936)		(16,289)
Total lease liabilities	$	16,927	$	69,375

Summary of Future Maturities of the Company’s Operating Lease Liabilities

The following table describes the future maturities of the Company’s operating and financing lease liabilities at December 31, 2025:

	Operating Leases		Finance Leases
Year	(in thousands)
2026	$	6,646	$	16,676
2027	5,431		15,216
2028	5,202		11,660
2029	958		11,660
2030	626		12,568
Thereafter	—		17,884
	18,863		85,664
Less: imputed interest	(1,936)		(16,289)
Total lease liabilities	$	16,927	$	69,375