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Leases (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents supplemental consolidated cash flow information related to lease payments for the year ended December 31, 2019 (in thousands).



	Year Ended December 31, 2019
Cash paid related to lease liabilities
Operating cash payments for operating leases	$	14,941
Investing cash payments for operating leases	$	28,034
Financing cash payments for financing leases	$	918

Right of use assets obtained in exchange for lease obligations entered into during the period
Operating leases	$	59,740
Financing leases	$	597

The following table presents supplemental consolidated statement of operations information related to lease expenses, on a gross basis, for the year ended December 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.



	Year Ended
	December 31, 2019
Operating leases
Lease operating	$	11,877
Plant and other midstream services	110
General and administrative	3,209
Total operating leases⁽¹⁾	15,196
Short-term leases
Lease operating	10,441
Plant and other midstream services	4,983
General and administrative	27
Total short-term leases⁽²⁾⁽³⁾	15,451
Financing leases
Depreciation of assets	976
Interest on lease liabilities	134
Total financing leases	1,110
Total lease expense	$	31,757

_____________________


(1)	Does not include gross payments related to drilling rig leases of $28.1 million for the year ended December 31, 2019 that were capitalized and recorded in “Oil and natural gas properties, full-cost method” in the consolidated balance sheet at December 31, 2019.


(2)	These costs are related to leases that are not recorded as right of use assets or lease liabilities in the 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 $90.3 million for the year ended December 31, 2019 that were capitalized and recorded in “Oil and natural gas properties, full-cost method” in the consolidated balance sheet at December 31, 2019.

Assets And Liabilities, Lessee

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



	December 31, 2019
Operating leases
Other long-term assets	$	85,668
Other current liabilities	$	(50,164	)
Other long-term liabilities	(41,459		)
Total operating lease liabilities	$	(91,623	)

Financing leases
Other property and equipment, at cost	$	2,677
Accumulated depreciation	(1,324		)
Net property and equipment	$	1,353
Other current liabilities	$	(799	)
Other long-term liabilities	(524		)
Total financing lease liabilities	$	(1,323	)

Lessee, Lease Terms

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



Weighted-Average Remaining Lease Term		December 31, 2019
Operating leases		2.7
Financing leases		2.1

Finance Lease, Liability, Maturity

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



	December 31, 2019
	Operating Leases			Financing Leases
2020	$	50,164		$	799
2021	27,279			517
2022	5,010			179
2023	4,177			—
2024	4,217			—
Thereafter	5,716			—
Total lease payments	96,563			1,495
Less imputed interest	(4,940		)	(172		)
Total lease obligations	91,623			1,323
Less current obligations	(50,164		)	(799		)
Long-term lease obligations	$	41,459		$	524

Lessee, Operating Lease, Liability, Maturity

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



	December 31, 2019
	Operating Leases			Financing Leases
2020	$	50,164		$	799
2021	27,279			517
2022	5,010			179
2023	4,177			—
2024	4,217			—
Thereafter	5,716			—
Total lease payments	96,563			1,495
Less imputed interest	(4,940		)	(172		)
Total lease obligations	91,623			1,323
Less current obligations	(50,164		)	(799		)
Long-term lease obligations	$	41,459		$	524

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