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Leases (Tables)

9 Months Ended

Sep. 30, 2019

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



	Nine Months Ended September 30, 2019
Cash paid related to lease liabilities
Operating cash payments for operating leases	$	10,504
Investing cash payments for operating leases	$	19,763
Financing cash payments for financing leases	$	623

Right of use assets obtained in exchange for lease obligations entered into during the period
Operating leases	$	57,637
Financing leases	$	597

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 nine months ended September 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 September 30, 2019		Nine Months Ended September 30, 2019
Operating leases
Lease operating	$	3,298	$	8,505
Plant and other midstream services	30		91
General and administrative	805		2,279
Total operating leases⁽¹⁾	4,133		10,875
Short-term leases
Lease operating	2,317		7,918
Plant and other midstream services	967		3,718
General and administrative	7		24
Total short-term leases⁽²⁾⁽³⁾	3,291		11,660
Financing leases
Depreciation of assets	231		671
Interest on lease liabilities	32		96
Total financing leases	263		767
Total lease expense	$	7,687	$	23,302

_____________________


(1)	Does not include gross payments related to drilling rig leases of $6.3 million and $19.8 million for the three and nine months ended September 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 September 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 $24.7 million and $61.8 million for the three and nine months ended September 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 September 30, 2019

Assets And Liabilities, Lessee

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



	September 30, 2019
Operating leases
Other assets	$	96,258
Other current liabilities	$	(51,327	)
Other long-term liabilities	(50,996		)
Total operating lease liabilities	$	(102,323	)

Financing leases
Other property and equipment, at cost	$	2,677
Accumulated depreciation	(1,095		)
Net property and equipment	$	1,582
Other current liabilities	$	(1,098	)
Other long-term liabilities	(481		)
Total financing lease liabilities	$	(1,579	)

Lessee, Lease Terms

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



Weighted-Average Remaining Lease Term		September 30, 2019
Operating leases		2.9
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 September 30, 2019 and December 31, 2018, respectively (in thousands).



	September 30, 2019
	Operating Leases			Financing Leases
2019	$	13,969		$	430
2020	49,285			779
2021	25,889			510
2022	5,008			88
2023	4,167			—
Thereafter	9,934			—
Total lease payments	108,252			1,807
Less imputed interest	(5,929		)	(228		)
Total lease obligations	102,323			1,579
Less current obligations	(51,327		)	(1,098		)
Long-term lease obligations	$	50,996		$	481

Lessee, Operating Lease, Liability, Maturity

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



	September 30, 2019
	Operating Leases			Financing Leases
2019	$	13,969		$	430
2020	49,285			779
2021	25,889			510
2022	5,008			88
2023	4,167			—
Thereafter	9,934			—
Total lease payments	108,252			1,807
Less imputed interest	(5,929		)	(228		)
Total lease obligations	102,323			1,579
Less current obligations	(51,327		)	(1,098		)
Long-term lease obligations	$	50,996		$	481

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