COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2019

COMMITMENTS AND CONTINGENCIES

Schedule of minimum annual commitments

				Minimum Annual Commitment Each Year
($ thousands)		Total		2020		2021		2022		2023		2024		Thereafter
Senior notes(1)	$		606,633	$	105,998	$	105,998	$	130,680	$	104,700	$	104,699	$	54,558
Transportation commitments			313,197		34,829		31,651		29,271		28,981		28,719		159,746
Processing commitments			12,663		3,174		1,519		1,519		1,519		1,519		3,413
Total commitments(2)(3)	$		932,493	$	144,001	$	139,168	$	161,470	$	135,200	$	134,937	$	217,717

(1) Interest payments have not been included.

(2) Crown and surface royalties, production taxes, lease rentals and mineral taxes (hydrocarbon production rights) have not been included as amounts paid depend on future ownership, production, prices and the legislative environment.

(3) US$ commitments have been converted to CDN$ using the December 31, 2019 foreign exchange rate of 1.2990.