Leases (Tables)

6 Months Ended

Jun. 30, 2019

Lease costs represent the straight-line lease expense of ROU assets and short-term leases. The components of lease cost are classified as follows:



	Three Months Ended		Six Months Ended
	June 30, 2019⁽¹⁾		June 30, 2019⁽¹⁾
Lease Cost included in the Condensed Consolidated Balance Sheets	(in millions)
Property, Plant and Equipment acquisitions⁽²⁾	$	4.1	$	8.8

	Three Months Ended		Six Months Ended
	June 30, 2019⁽¹⁾		June 30, 2019⁽¹⁾
Lease Cost included in the Condensed Consolidated Statement of Operations	(in millions)
Lease operating expense	$	3.0	$	6.1
Gathering and other expense	2.3		3.8
General and administrative	1.6		3.2

Total lease cost	$	11.0	$	21.9

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⁽¹⁾	Prior periods are not presented as prior period amounts have not been adjusted under the modified retrospective method for the new lease recognition rule. Refer to Note 1 – Basis of Presentation for additional information.


⁽²⁾	Represents short-term lease capital expenditures related to drilling rigs for the three and six months ended June 30, 2019. These costs are capitalized as a part of "Proved properties" on the Condensed Consolidated Balance Sheets.

Lease term and discount rate related to the Company's leases are as follows:



	Three Months Ended		Six Months Ended
	June 30, 2019⁽¹⁾		June 30, 2019⁽¹⁾
Weighted-average remaining lease term (years)	3.6		3.6
Weighted-average discount rate	7.7	%	7.7	%