Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following table presents supplemental interim unaudited condensed consolidated cash flow information related to lease payments for the three months ended March 31, 2019 (in thousands).



	Three Months Ended March 31, 2019
Cash paid related to lease liabilities
Operating cash payments for operating leases	$	2,527
Investing cash payments for operating leases	$	5,300
Financing cash payments for financing leases	$	274

Right of use assets obtained in exchange for lease obligations entered into during the period
Operating leases	$	1,332
Financing leases	$	84

The following table presents supplemental interim unaudited condensed consolidated statement of operations information related to lease expenses, on a gross basis, for the three months ended March 31, 2019 (in thousands). Lease payments represent gross payments to vendors, which, for certain of our operating assets, are partially offset by amounts received from other working interest owners in our operated wells.



	Three Months Ended March 31, 2019
Operating leases
Lease operating	$	2,242
Plant and other midstream services	31
General and administrative	809
Total operating leases⁽¹⁾	3,082
Short-term leases
Lease operating	2,209
Plant and other midstream services	1,620
General and administrative	12
Total short-term leases⁽²⁾⁽³⁾	3,841
Financing leases
Depreciation of assets	209
Interest on lease liabilities	31
Total financing leases	240
Total lease expense	$	7,163

_____________________


(1)	Does not include gross payments of $5.3 million related to drilling rig leases that were capitalized and recorded in “Oil and natural gas properties, full-cost method” in the interim unaudited condensed consolidated balance sheet at March 31, 2019.


(2)	These costs are related to leases that are not recorded on the interim unaudited condensed consolidated balance sheet.


(3)	Does not include gross payments of $26.5 million related to drilling rig leases and other equipment rentals that were recorded in the interim unaudited condensed consolidated balance sheet at March 31, 2019.

Assets And Liabilities, Lessee

The following table presents supplemental interim unaudited condensed consolidated balance sheet information related to leases as of March 31, 2019 (in thousands).



	March 31, 2019
Operating leases
Other assets	$	51,744
Other current liabilities	$	(36,899	)
Other long-term liabilities	(20,012		)
Total operating lease liabilities	$	(56,911	)

Financing leases
Other property and equipment, at cost	$	3,505
Accumulated depreciation	(634		)
Net property and equipment	$	2,871
Other current liabilities	$	(1,384	)
Other long-term liabilities	(1,405		)
Total financing lease liabilities	$	(2,789	)

Lessee, Lease Terms

The following table presents the maturities of lease liabilities at March 31, 2019 (in years).



		Three Months Ended March 31, 2019
Weighted-Average Remaining Lease Term
Operating leases		2.9
Financing leases		2.5

Finance Lease, Liability, Maturity

The following table presents a schedule of future minimum lease payments required under all lease agreements as of March 31, 2019 and December 31, 2018, respectively (in thousands).



	March 31, 2019
	Operating Leases			Financing Leases
2019	$	30,508		$	943
2020	12,605			940
2021	3,705			548
2022	3,239			457
2023	3,234			—
Thereafter	7,680			—
Total lease payments	60,971			2,888
Less imputed interest	(4,060		)	(99		)
Total lease obligations	56,911			2,789
Less current obligations	(36,899		)	(1,384		)
Long-term lease obligations	$	20,012		$	1,405

Lessee, Operating Lease, Liability, Maturity

The following table presents a schedule of future minimum lease payments required under all lease agreements as of March 31, 2019 and December 31, 2018, respectively (in thousands).



	March 31, 2019
	Operating Leases			Financing Leases
2019	$	30,508		$	943
2020	12,605			940
2021	3,705			548
2022	3,239			457
2023	3,234			—
Thereafter	7,680			—
Total lease payments	60,971			2,888
Less imputed interest	(4,060		)	(99		)
Total lease obligations	56,911			2,789
Less current obligations	(36,899		)	(1,384		)
Long-term lease obligations	$	20,012		$	1,405

Schedule of Future Minimum Rental Payments for Operating Leases



	December 31, 2018
	Operating Leases			Financing Leases
2019	$	39,457		$	1,240
2020	12,009			913
2021	3,513			534
2022	3,209			455
2023	3,234			—
Thereafter	7,680			—
Total lease payments	69,102			3,142
Less imputed interest	(4,300		)	(130		)
Total lease obligation	64,802			3,012
Less current obligations	(39,457		)	(1,240		)
Long-term lease obligations	$	25,345		$	1,772

Schedule of Future Minimum Lease Payments for Capital Leases



	December 31, 2018
	Operating Leases			Financing Leases
2019	$	39,457		$	1,240
2020	12,009			913
2021	3,513			534
2022	3,209			455
2023	3,234			—
Thereafter	7,680			—
Total lease payments	69,102			3,142
Less imputed interest	(4,300		)	(130		)
Total lease obligation	64,802			3,012
Less current obligations	(39,457		)	(1,240		)
Long-term lease obligations	$	25,345		$	1,772