Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Components of Lease Costs

Three Months Ended March 31,

2021

2020

Lease cost:

(in thousands)

Operating lease cost

$

4,390

$

4,190

Short-term lease cost

794

1,032

Variable lease cost

1,434

1,926

Total lease expense

6,618

7,148

Lease costs capitalized

—

3,281

Total lease costs

$

6,618

$

10,429

Other information:

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

2021

2020

Operating cash flows attributable to operating leases

$

4,773

$

8,510

Weighted-average remaining lease term

1.5 years

2.5 years 

Weighted-average discount rate

6.09%

6.16% 
Lease Cost on Consolidated Statement of Operations

Three Months Ended March 31,

2021

2020

(in thousands)

Production expense

$

2,649

$

2,205

General and administrative expense

49

49

Lease costs billed to the joint venture owners

3,920

7,073

Total lease expense

6,618

9,327

Lease costs capitalized

—

1,102

Total lease costs

$

6,618

$

10,429

Schedule of Future Maturities of Operating Lease Liabilities

Lease Obligation

Year

(in thousands)

2021

$

10,437

2022

9,685

2023

179

20,301

Less: imputed interest

852

Total lease liabilities

$

19,449