Sentences with phrase «future lease commitments»

The move will save the company $ 10 million per year while also reducing the Company's future lease commitments by approximately $ 102 million, the company said.

This action will result in a net reduction of annual occupancy expenses of approximately $ 10 million, reducing the Company's future lease commitments by approximately $ 102 million.

Not exact matches

Forward - looking statements include, among other things, statements regarding future: production, costs, and cash flows; drilling locations and zones and growth opportunities; commodity prices and differentials; capital expenditures and projects, including the number of rigs employed and the number of completion crews; renegotiation of our credit facility; management of lease expiration issues; financial ratios; certain accounting and tax change impacts; midstream capacity and related curtailments; our ability to meet our volume commitments to midstream providers; ongoing compliance with our consent decree; and the timing and adequacy of infrastructure projects of our midstream providers.

Given the time period until new leases are required, and that new leases are only required in a scenario incompatible with the United States» commitment to taking actions consistent with limiting global warming to levels well below 2 °C while pursuing efforts to keep warming to no more than 1.5 °C, it makes sense to continue the moratorium for the foreseeable future.