LEASES (Tables)

3 Months Ended

Mar. 31, 2026

Future amounts due under operating lease liabilities as of March 31, 2026 were as follows (in thousands):


Remaining 2026	$	352
2027	10
2028	—
2029	—
2030	—
Total lease payments	$	362
Less: imputed interest	(4)
Total	$	358

Schedule of Lease Cost

Lease costs incurred consisted of the following (in thousands):


	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
Operating lease cost	$	209	$	1,426
Variable lease cost	—		—
Short-term lease cost	10,895		8,910
Total lease cost(1)	$	11,104	$	10,336

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(1) The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in either lease operating expenses or general and administrative expenses in the accompanying consolidated statements of operations.