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Long-Term Debt And Lease Liabilities (Tables)
6 Months Ended
Jun. 30, 2019
Long-Term Debt And Lease Liabilities [Abstract]  
Schedule Of Long-Term Debt To Unrelated Entites



 

 

 

 

 

 



 

 

 

 

 

 



 

June 30,

 

December 31,



 

2019

 

2018

Note payable to a financial institution, with interest only payment until maturity.

 

$

 —

 

$

 —

Installment notes bearing interest at the rate of 5.0% to 6.5% per annum collateralized by vehicles with monthly payments including interest, insurance and maintenance of approximately $5

 

 

 —

 

 

124 

Total  long-term debt

 

 

 —

 

 

124 

Less current maturities

 

 

 —

 

 

(51)

Long-term debt, less current maturities

 

$

 —

 

$

73 



Components Of Lease Cost



 

 

 

 

 

 

 



 

 

Period Ended



 

 

Three Months

 

Six Months



Income Statement Account

 

June 30, 2019

 

June 30, 2019



 

 

 

 

 

 

 

Operating lease cost:

 

 

 

 

 

 

 



Production costs and taxes

 

$

 

$



General and administrative

 

 

12 

 

 

24 

Total operating lease cost

 

 

$

15 

 

$

30 



 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

     Amortization of right of use assets

Depreciation, depletion, and amortization

 

$

20 

 

$

41 

     Interest on lease liabilities

Net interest expense

 

 

 

 

Total finance lease cost

 

 

$

22 

 

$

44 



Supplemental Cash Flow Information Related To Leases



 

 

 

 

 

 

 



 

 

Period Ended



 

 

Three Months

 

Six Months



 

 

June 30, 2019

 

June 30, 2019



 

 

 

 

 

 

 

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

 

 

 

 

 

 

     Operating cash flows from operating leases

 

$

15 

 

$

30 

     Operating cash flows from finance leases

 

 

 

 

     Finance cash flows from finance leases

 

 

19 

 

 

31 



 

 

 

 

 

 

 

Right of use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

     Operating leases

 

 

 

 —

 

 

98 



Supplemental Balance Sheet Information Related To Leases



 

 

 

 

 

 

 



 

 

Balance Sheet as of



 

 

June 30, 2019

 

December 31, 2018



 

 

 

 

 

 

 

Operating Leases:

 

 

 

 

 

 

 



 

 

 

 

 

 

 

     Right of use asset - operating leases

 

 

$

70 

 

$

 —



 

 

 

 

 

 

 

     Lease liabilities - current

 

 

$

60 

 

$

 —

     Lease liabilities - noncurrent

 

 

 

10 

 

 

 —

     Total operating lease liabilities

 

 

$

70 

 

$

 —



 

 

 

 

 

 

 



 

 

 

 

 

 

 

Finance Leases:

 

 

 

 

 

 

 



 

 

 

 

 

 

 

     Other property and equipment, gross

 

 

$

267 

 

$

 —

     Accumulated depreciation

 

 

 

(108)

 

 

 —

     Other property and equipment, net

 

 

$

159 

 

$

 —



 

 

 

 

 

 

 

     Lease liabilities - current

 

 

$

64 

 

$

 —

     Lease liabilities - noncurrent

 

 

 

33 

 

 

 —

     Total finance lease liabilities

 

 

$

97 

 

$

 —



Schedule Of Weighted Average Remaining Lease Term And Discount Rate



 

 

 

 

 

 

 



 

 

Operating Leases

 

Finance Leases



 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

 

1.2 years

 

 

1.1 years

Weighted average discount rate

 

 

 

6.0% 

 

 

5.7% 



Maturity Analysis For Operating and Finance Lease Liabilities



 

 

 

 

 

 

 



 

 

Operating Leases

 

Finance Leases



 

 

 

 

 

 

 

2019 (July 2019 - December 2019)

 

 

$

31 

 

$

41 

2020

 

 

 

42 

 

 

43 

2021

 

 

 

 —

 

 

20 

Total lease payments

 

 

 

73 

 

 

104 

     Less imputed interest

 

 

 

(3)

 

 

(7)

Total

 

 

$

70 

 

$

97