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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Commitments

As of December 31, 2018, minimum lease commitments for the capital lease in future years are as follows (in thousands):

2019

 

$

45,000

 

2020

 

 

45,000

 

2021

 

 

45,000

 

2022

 

 

45,000

 

2023

 

 

18,750

 

Total minimum lease payments

 

 

198,750

 

Less amount represented lease operating expenses

 

 

(51,864

)

Less amount represented interest

 

 

(53,218

)

Present value of minimum lease payments

 

 

93,668

 

Less current maturities of capital lease obligations

 

 

(14,127

)

Long-term capital lease obligations

 

$

79,541

 

 

Summary of Total Minimum Commitments Associated With Long-Term Non-cancelable Operating Lease

The table below summarizes the Company’s total minimum commitments associated with long-term, non-cancelable operating leases, vessel commitments, purchase obligations and the Mexico minimum work program as of December 31, 2018 (in thousands):

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

Thereafter

 

 

Total

 

Vessel Commitments(1)

 

$

35,206

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

35,206

 

Committed purchase orders(2)

 

 

15,562

 

 

 

11,921

 

 

 

7,921

 

 

 

 

 

 

 

 

 

35,404

 

Operating lease obligations(3)

 

 

3,622

 

 

 

4,315

 

 

 

4,016

 

 

 

4,298

 

 

 

27,225

 

 

 

43,476

 

Mexico minimum work program

 

 

 

 

 

19,277

 

 

 

 

 

 

 

 

 

 

 

 

19,277

 

Total(4)

 

$

54,390

 

 

$

35,513

 

 

$

11,937

 

 

$

4,298

 

 

$

27,225

 

 

$

133,363

 

 

(1)

Includes vessel commitments the Company will utilize for certain deep water well intervention and decommissioning activities. These commitments represent gross contractual obligations and accordingly, other joint owners in the properties operated by the Company will be billed for their working interest share of such costs.

(2)

Includes committed purchase orders to execute planned future drilling and completion activities as well as seismic use agreements the Company entered into in connection with the Stone Combination.

(3)

Amounts include long-term lease payments for office space.

(4)

Excludes the capital lease for the HP-I floating production facility in the Phoenix Field discussed above.