This excerpt taken from the CHK 8-K filed Nov 1, 2005.
The Company leases office space, compressors, computers, and other equipment under various operating lease agreements. Payments made in connection with operating leases are charged to lease operating expense as incurred. Rental expense for operating leases was $8,867,668 and $2,953,148 for the periods ended December 31, 2004 and 2003, respectively. Future minimum lease payments required under the noncancelable operating leases that have initial or remaining terms in excess of one year are as follows:
In aggregate, the future minimum rentals to be received under noncancelable subleases as of December 31, 2004, are $123,000.
Columbia Energy Resources, LLC (a wholly owned
subsidiary of Triana Energy Holdings, LLC)
Notes to Consolidated Financial Statements (continued)