Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Components of Lease Costs

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

2020

2019

Lease cost:

(in thousands)

Operating lease cost

$

4,335

$

3,775

$

8,525

$

7,334

Short-term lease cost

(581)

101

451

404

Variable lease cost

2,138

1,408

4,064

2,738

Total lease expense

5,892

5,284

13,040

10,476

Lease costs capitalized

178

3,459

Total lease costs

$

6,070

$

5,284

$

16,499

$

10,476

Other information:

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows to operating leases

$

13,966

Weighted-average remaining lease term

2.22 years 

Weighted-average discount rate

6.13

Lease Cost on Consolidated Statement of Operations

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

2020

2019

(in thousands)

Production expense

$

1,814

$

1,626

$

4,019

$

3,223

General and administrative expense

49

49

98

98

Lease costs billed to the joint venture owners

4,148

3,609

11,221

7,155

Total lease expense

6,011

5,284

15,338

10,476

Lease costs capitalized

59

1,161

Total lease costs

$

6,070

$

5,284

$

16,499

$

10,476

Schedule of Future Maturities of Operating Lease Liabilities

Lease Obligation

Year

(in thousands)

2020

$

6,865

2021

13,535

2022

9,355

2023

2024

29,755

Less: imputed interest

1,850

Total lease liabilities

$

27,905