XML 20 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Expense

The components of our total lease expense for the year ended December 31, 2019, the majority of which is included in general and administrative expense, are as follows (in thousands):

 

 

 

 

Year Ended

December 31,

 

 

 

 

2019

 

Operating lease cost

 

$

15,536

 

Variable lease expense (1)

 

 

6,916

 

Short-term lease expense (2)

 

 

2,965

 

Sublease income

 

 

(3,496

)

Total lease expense

 

$

21,921

 

 

 

 

 

 

Short-term lease costs (3)

 

$

29,126

 

(1)   Variable lease payments that are not dependent on an index or rate are not included in the lease liability or ROU assets.

(2)   Short-term lease expense represents expense related to leases with a contract term of one year or less.

(3)   These short-term lease costs are related to leases with a contract term of one year or less and the majority of which are related to drilling rigs and are capitalized as part of natural gas and oil properties on our consolidated balance sheets and may fluctuate based on the number of drilling rigs being utilized.

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to our operating leases is included in the table below (in thousands):

 

 

 

Year Ended

December 31,

2019

 

Cash paid for amounts included in the measurement of lease liabilities

$

18,700

 

ROU assets added in exchange for lease obligations (since adoption)

$

24,839

 

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to our operating leases is included in the table below (in thousands):

 

 

December 31,

2019

 

Operating lease ROU assets

$

62,053

 

Accrued liabilities – current

$

(27,856

)

Operating lease liabilities – long-term

$

(41,068

)

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases

Our weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:

 

 

December 31,

2019

 

Weighted average remaining lease term

 

4.6 years

 

Weighted average discount rate

 

6.0%

 

Schedule of Lease Liabilities with Enforceable Contract Terms are Greater Than One year Mature

Our lease liabilities with enforceable contract terms that are greater than one year mature as follows (in thousands):

 

 

Operating

Leases

 

2020

$

31,245

 

2021

 

14,252

 

2022

 

7,023

 

2023

 

6,500

 

2024

 

6,468

 

Thereafter

 

15,262

 

Total lease payments

 

80,750

 

Less effects of discounting

 

(11,826

)

Total lease liability

$

68,924

 

Schedule of Future Minimum Transportation Fees Due

We have entered into firm transportation and gathering contracts with various pipeline carriers for the future transportation and gathering of natural gas, NGLs and oil production from our properties in Pennsylvania and North Louisiana. Under these contracts, we are obligated to transport, process or gather minimum daily natural gas volumes, or pay for any deficiencies at a specified reservation fee rate. In some cases, our production committed to these pipelines is expected to exceed the minimum daily volumes provided in the contracts. See Note 11 for additional information regarding deficiencies in North Louisiana.  As of December 31, 2019, future minimum transportation, processing and gathering fees under our commitments are as follows (in thousands):

 

Transportation,
Gathering and Processing
Contracts (a)

 

2020

$

945,392

  

2021

 

949,126

  

2022

 

905,920

  

2023

 

870,062

  

2024

 

853,457

 

Thereafter

 

5,154,987

  

 

$

9,678,944

  

(a) The amounts in this table represent the gross amounts that we are committed to pay; however, we will record in our financial statements our proportionate share of costs based on our working interest which can vary based on volumes produced.

Future Delivery Commitments

We have various volume delivery commitments that are related to our Marcellus Shale and North Louisiana areas. We expect to be able to fulfill our contractual obligations from our own production; however, we may purchase third-party volumes to satisfy our commitments or pay demand fees for commitment shortfalls, should they occur. As of December 31, 2019, our delivery commitments through 2031 were as follows:

 Year Ending December 31,

  

Natural Gas
(mmbtu per day)

 

 

Ethane and Propane

(bbls per day)

 

2020

 

 

528,607

 

81,000

 

2021

 

 

491,313

 

65,932

 

2022

 

 

370,179

 

43,000

 

2023

 

 

167,970

 

35,000

 

2024-2028

 

 

100,000

 

35,000

 

2029

 

 

100,000

 

20,000

 

2030-2031

 

 

 

20,000