SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of Weighted Average Lease Term and Discount Rate Related to Leases

The following table represents the Company’s weighted average lease term and discount rate as of March 31, 2019:

	Operating Leases		Finance Lease
Weighted average remaining lease term	3.4 years		0.8 years
Weighted average discount rate	4.2	%	4.2	%

Lessee, Operating Lease, Liability, Maturity

The undiscounted future minimum lease payments reconciled to the carrying value of the lease liabilities as of March 31, 2019 (in thousands) were as follows:

Net Minimum Commitments	Operating Leases(1)			Finance Lease(2)
	(In thousands)
2019	$	489		$	19,886
2020	652			9,800
2021	622			—
2022	445			—
2023	—			—
Thereafter	—			—
Total future minimum lease payments	2,208			29,686
Less: imputed interest	(144		)	(686		)
Total lease liabilities	2,064			29,000
Current portion	(586		)	(29,000		)
Non-current portion	$	1,478		$	—

(1) Amounts are primarily associated with the Lease Agreement (as defined below) entered into with Apache relating to the use of certain office buildings, warehouse and storage facilities as described in Note 3 — Transactions with Affiliates.

(2)

Amounts represent the Company’s finance lease obligation entered into during the first quarter of 2019 related to physical power generators being leased on a one-year term with the right to purchase.

Finance Lease, Liability, Maturity

The undiscounted future minimum lease payments reconciled to the carrying value of the lease liabilities as of March 31, 2019 (in thousands) were as follows:

Net Minimum Commitments	Operating Leases(1)			Finance Lease(2)
	(In thousands)
2019	$	489		$	19,886
2020	652			9,800
2021	622			—
2022	445			—
2023	—			—
Thereafter	—			—
Total future minimum lease payments	2,208			29,686
Less: imputed interest	(144		)	(686		)
Total lease liabilities	2,064			29,000
Current portion	(586		)	(29,000		)
Non-current portion	$	1,478		$	—

(1) Amounts are primarily associated with the Lease Agreement (as defined below) entered into with Apache relating to the use of certain office buildings, warehouse and storage facilities as described in Note 3 — Transactions with Affiliates.

(2)

Amounts represent the Company’s finance lease obligation entered into during the first quarter of 2019 related to physical power generators being leased on a one-year term with the right to purchase.