Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Lease, Cost
The following table summarizes the components of our total lease cost for the three months ended March 31, 2019:
Operating lease cost
 
$
163

Short-term lease cost
 
11,571

Variable lease cost
 
5,095

Less: Amounts charged as drilling costs 1
 
(10,851
)
Total lease cost recognized in the Condensed Consolidated Statement of Operations2
 
$
5,978

___________________
1 
Represents the combined gross amounts paid and (i) capitalized as drilling costs for our working interest share and (ii) billed to joint interest partners for their working interest share for short-term leases of operated drilling rigs.
2 
Includes $2.1 million recognized in Gathering, processing and transportation, $3.7 million recognized in Lease operating and $0.2 million recognized in G&A.
Schedule of Supplemental Cash Flow Information Related to Leases
The following table summarizes supplemental cash flow information related to leases for the three months ended March 31, 2019:
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
 
$
39

ROU assets obtained in exchange for lease obligations:
 
 
Operating leases
 
$
2,572

Schedule of Supplemental Balance Sheet Information Related to Leases
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
 
$
39

ROU assets obtained in exchange for lease obligations:
 
 
Operating leases
 
$
2,572


The following table summarizes supplemental balance sheet information related to leases as of March 31, 2019:
ROU assets - operating leases
 
$
2,451

 
 
 
Current operating lease obligations
 
$
689

Noncurrent operating lease obligations
 
2,109

Total operating lease obligations
 
$
2,798

 
 
 
Weighted-average remaining lease term
 
 
Operating leases
 
4.8 Years

 
 
 
Weighted-average discount rate
 
 
Operating leases
 
5.96
%
 
 
 
Maturities of operating lease obligations for the years ending December 31,
 
 
2019
 
$
516

2020
 
667

2021
 
647

2022
 
647

2023
 
644

2024 and thereafter
 
108

Total undiscounted lease payments
 
3,229

Less: imputed interest
 
(431
)
Total operating lease obligations
 
$
2,798