COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2020

COMMITMENTS AND CONTINGENCIES

Schedule of operating lease obligations

The Company’s lease obligations as of March 31, 2020 will mature as follows (in thousands):

	Operating Leases		Finance Leases
2020 - remaining	$	5,560	$	327
2021		3,546		298
2022		2,610		110
2023		1,922		9
2024		537		-
Thereafter		1,481		-
Total lease payments	$	15,656	$	744
Less: Interest		(1,738)		(39)
Total discounted lease payments	$	13,918	$	705

Schedule of finance lease obligations

The Company’s lease obligations as of March 31, 2020 will mature as follows (in thousands):

	Operating Leases		Finance Leases
2020 - remaining	$	5,560	$	327
2021		3,546		298
2022		2,610		110
2023		1,922		9
2024		537		-
Thereafter		1,481		-
Total lease payments	$	15,656	$	744
Less: Interest		(1,738)		(39)
Total discounted lease payments	$	13,918	$	705

Schedule of the commitments that have initial or remaining noncancelable terms in excess of one year

The total remaining MRC by fiscal year are as follows (in thousands):

	2020 - remaining		2021		2022		Total
Hydrocarbon gathering and handling agreement	$	12,412	$	13,737	$	6,453	$	32,602
Crude oil and condensate purchase agreements		3,551		7,386		4,173		15,110
Gas processing agreement		1,365		-		-		1,365
Gas transportation agreements		490		-		-		490
Total MRC	$	17,818	$	21,123	$	10,626	$	49,567