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Leases (Tables)

6 Months Ended

Jun. 30, 2019

The following table presents supplemental interim unaudited condensed consolidated cash flow information related to lease payments for the six months ended June 30, 2019 (in thousands).



	Six Months Ended June 30, 2019
Cash paid related to lease liabilities
Operating cash payments for operating leases	$	6,790
Investing cash payments for operating leases	$	13,509
Financing cash payments for financing leases	$	490

Right of use assets obtained in exchange for lease obligations entered into during the period
Operating leases	$	28,884
Financing leases	$	471

The following table presents supplemental interim unaudited condensed consolidated statement of operations information related to lease expenses, on a gross basis, for the three and six months ended June 30, 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 June 30, 2019		Six Months Ended June 30, 2019
Operating leases
Lease operating	$	2,965	$	5,207
Plant and other midstream services	30		61
General and administrative	665		1,474
Total operating leases⁽¹⁾	3,660		6,742
Short-term leases
Lease operating	3,392		5,601
Plant and other midstream services	1,131		2,751
General and administrative	5		17
Total short-term leases⁽²⁾⁽³⁾	4,528		8,369
Financing leases
Depreciation of assets	231		440
Interest on lease liabilities	33		64
Total financing leases	264		504
Total lease expense	$	8,452	$	15,615

_____________________


(1)	Does not include gross payments related to drilling rig leases of $8.2 million and $13.5 million for the three and six months ended June 30, 2019, respectively, that were capitalized and recorded in “Oil and natural gas properties, full-cost method” in the interim unaudited condensed consolidated balance sheet at June 30, 2019.


(2)	These costs are related to leases that are not recorded as right of use assets or lease liabilities in the interim unaudited condensed consolidated balance sheet as they are short-term leases.

(3)

Does not include gross payments related to short-term drilling rig leases and other equipment rentals of $10.7 million and $37.2 million for the three and six months ended June 30, 2019

Assets And Liabilities, Lessee

The following table presents supplemental interim unaudited condensed consolidated balance sheet information related to leases as of June 30, 2019 (in thousands).



	June 30, 2019
Operating leases
Other assets	$	78,845
Other current liabilities	$	(40,870	)
Other long-term liabilities	(43,012		)
Total operating lease liabilities	$	(83,882	)

Financing leases
Other property and equipment, at cost	$	2,846
Accumulated depreciation	(865		)
Net property and equipment	$	1,981
Other current liabilities	$	(1,108	)
Other long-term liabilities	(1,146		)
Total financing lease liabilities	$	(2,254	)

Lessee, Lease Terms

The following table presents the maturities of lease liabilities at June 30, 2019 (in years).



Weighted-Average Remaining Lease Term		June 30, 2019
Operating leases		3.0
Financing leases		2.6

Finance Lease, Liability, Maturity

The following table presents a schedule of future minimum lease payments required under all lease agreements as of June 30, 2019 and December 31, 2018, respectively (in thousands).



	June 30, 2019
	Operating Leases			Financing Leases
2019	$	22,075		$	493
2020	32,051			747
2021	19,981			581
2022	3,989			504
2023	3,234			—
Thereafter	7,679			—
Total lease payments	89,009			2,325
Less imputed interest	(5,127		)	(71		)
Total lease obligations	83,882			2,254
Less current obligations	(40,870		)	(1,108		)
Long-term lease obligations	$	43,012		$	1,146

Lessee, Operating Lease, Liability, Maturity

The following table presents a schedule of future minimum lease payments required under all lease agreements as of June 30, 2019 and December 31, 2018, respectively (in thousands).



	June 30, 2019
	Operating Leases			Financing Leases
2019	$	22,075		$	493
2020	32,051			747
2021	19,981			581
2022	3,989			504
2023	3,234			—
Thereafter	7,679			—
Total lease payments	89,009			2,325
Less imputed interest	(5,127		)	(71		)
Total lease obligations	83,882			2,254
Less current obligations	(40,870		)	(1,108		)
Long-term lease obligations	$	43,012		$	1,146

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 obligations	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 obligations	64,802			3,012
Less current obligations	(39,457		)	(1,240		)
Long-term lease obligations	$	25,345		$	1,772