Annual report pursuant to Section 13 and 15(d)

LEASES - Lease Cost (Details)

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LEASES - Lease Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Note 11 - LEASES - Lease Cost (Details)      
Operating lease costs, excluding short-term leases $ 1,670 $ 1,579 $ 1,743
Short-term lease cost (1) [1] 58 2,957 5,926
Variable lease cost (2) [2] 765 647  
Total lease cost $ 2,493 $ 5,183 $ 7,669
[1] Short-term lease costs are reported at gross amounts and primarily represent costs incurred for drilling rigs, most of which are short-term contracts not recognized as a right-of-use asset and lease liability on the balance sheet. The majority of such costs are recorded within “Oil and natural gas properties, net” in the consolidated balance sheet.
[2] Variable lease costs primarily represent differences between minimum lease payment obligations and actual operating charges incurred by the Company related to long-term operating leases.