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. |
|