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SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2019:
 
 
Operating Leases
 
Finance Lease
Weighted average remaining lease term
 
2.9 years

 
0.3 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 September 30, 2019 were as follows:
Net Minimum Commitments
 
Operating Leases(1)
 
Finance Lease(2)
 
 
(In thousands)
2019
 
$
163

 
$
7,954

2020
 
652

 
9,800

2021
 
622

 

2022
 
445

 

2023
 

 

Thereafter
 

 

Total future minimum lease payments
 
1,882

 
17,754

Less: imputed interest
 
(105
)
 
(192
)
Total lease liabilities
 
1,777

 
17,562

Current portion
 
(596
)

(17,562
)
Non-current portion
 
$
1,181

 
$

(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 September 30, 2019 were as follows:
Net Minimum Commitments
 
Operating Leases(1)
 
Finance Lease(2)
 
 
(In thousands)
2019
 
$
163

 
$
7,954

2020
 
652

 
9,800

2021
 
622

 

2022
 
445

 

2023
 

 

Thereafter
 

 

Total future minimum lease payments
 
1,882

 
17,754

Less: imputed interest
 
(105
)
 
(192
)
Total lease liabilities
 
1,777

 
17,562

Current portion
 
(596
)

(17,562
)
Non-current portion
 
$
1,181

 
$

(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.