Leases (Tables)

3 Months Ended

Mar. 31, 2026

Other information related to operating and finance leases at March 31, 2026 and December 31, 2025, is as follows:


	March 31, 2026		December 31, 2025
	(In thousands, except lease term discount rate)
Balance sheet classifications
Operating leases
Other assets (right-of-use assets)	$	9,307	$	10,059
Accrued liabilities (current maturities of leases)	2,793		2,777
Other long-term liabilities (non-current maturities of leases)	8,653		9,438
Finance leases
Property and equipment, net	85,377		—
Accrued liabilities	80,120		—

Schedule of Future Minimum Rental Commitments

Future minimum rental commitments under our leases as of March 31, 2026, are as follows:


	Operating Leases(1)		Financing Leases(1)
	(In thousands)
2026(2)	$	2,847	$	35,820
2027	3,951		52,514
2028	3,744		—
2029	3,176		—
2030	—		—
Thereafter	—		—
Total undiscounted lease payments	$	13,718	$	88,334
Less: Imputed interest	(2,272)		(8,214)
Total lease liabilities	$	11,446	$	80,120

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(1) Does not include purchase commitments for jointly owned fields and facilities where we are not the operator and excludes commitments for exploration activities, including well commitments, in our petroleum contracts.

(2) Represents the period April 1, 2026 through December 31, 2026