Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Major Customers The Company had the following major customers that represented 10% or more of its oil, natural gas and NGL revenues for at least one of the periods presented:
Years Ended December 31,
2022 (1)
2021 (1)
2020 (1)
Valero Marketing and Supply Company 15% 13% 23%
Rio Energy International, Inc. 12 * *
Shell Trading Company * 20 31
Trafigura Trading, LLC * 15 *
Occidental Energy Marketing, Inc. * 13 *
(1) The customers that represented over 10% of the Company’s sales of purchased oil and gas were Vitol Inc., for the years ended December 31, 2022, 2021 and 2020, and Plains Marketing, L.P., for the year ended December 31, 2022.
* - Less than 10% for the applicable year.
Non-Cash Investing and Supplemental Cash Flow Information
The following table sets forth supplemental cash flow information for the periods indicated:
Years Ended December 31,
2022 2021 2020
(In thousands)
Interest paid, net of capitalized amounts $82,390  $85,042  $91,269 
Income taxes paid (1)
—  —  — 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $7,096  $26,681  $44,314 
Investing cash flows from operating leases 32,060  18,598  24,234 
Non-cash investing and financing activities:
Change in accrued capital expenditures $12,096  $63,444  ($64,465)
Change in asset retirement costs 6,500  2,905  8,605 
ROU assets obtained in exchange for lease liabilities:
Operating leases $56,291  $24,301  $8,070 
Financing leases —  —  — 
(1)    The Company did not pay any federal income tax for any of the years in the three-year period ending December 31, 2022. For the years ended December 31, 2022, 2021, and 2020, the Company paid approximately $0.2 million, $3.2 million, and $1.5 million, respectively, in state income taxes.