7.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 $4.5 million and $1.8 million for the three months ended March 31, 2023 and 2022, respectively.

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 March 31, 2023:

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Leases That Have Not Yet Commenced

We have entered into additional operating leases for office space and anticipate that the leases will commence during the remainder of 2023. Undiscounted future lease payments totaling $11.2 million will be included in the determination of the right-of-use assets and lease liabilities upon lease commencement.