10. Leases

In the normal course of business, we enter into operating lease agreements to support our operations. Our leased assets include right-of-way easements for our wells and facilities, office space and other assets. We currently have no finance leases.

Balance Sheet Information

The following table provides supplemental consolidated balance sheet information related to leases:

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Statement of Operations Information

The following table provides the components of lease cost, excluding lease cost related to short-term leases:

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Short-term Leases

Our short-term lease cost, which consisted primarily of field equipment rentals, totaled $11.1 million for the year ended December 31, 2022.

Cash Flow Information

The following table summarizes supplemental cash flow information related to leases:

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Lease Terms and Discount Rates

The following table provides lease terms and discount rates related to leases:

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Annual Lease Maturities

The following table provides maturities of lease liabilities at December 31, 2022:

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Future Minimum Lease Commitments

Future minimum lease commitments under non-cancellable leases at December 31, 2021 were as follows:

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Leases That Have Not Yet Commenced

During the fourth quarter of 2022, we entered into an additional operating lease for office space. We anticipate that this lease will commence during 2023. Undiscounted future lease payments of $10.1 million will be included in the determination of the right-of-use asset and lease liability upon lease commencement.