Commitments

9 Months Ended

Sep. 30, 2019

Commitments

Commitments

(13) Commitments

The table below is a schedule of future minimum payments for firm transportation, drilling rig and completion services, processing, gathering and compression, and office and equipment agreements, which include leases that have remaining lease terms in excess of one year as of September 30, 2019 (in thousands).

	Firm transportation		Processing, gathering and compression		Land payment obligations		Operating and Financing Leases		Imputed Interest for Leases
	(a)		(b)		(c)		(d)		(d)		Total
Remainder of 2019	$	282,571		13,667		4,653		102,808		48,558		452,257
2020		1,123,782		54,425		5,557		399,881		179,257		1,762,902
2021		1,100,079		54,093		3,177		350,364		157,190		1,664,903
2022		1,047,162		53,606		259		361,057		135,935		1,598,019
2023		1,034,641		58,565		—		377,836		113,722		1,584,764
2024		994,534		58,687		—		392,323		90,422		1,535,966
Thereafter		7,816,594		152,523		—		1,248,918		198,619		9,416,654
Total	$	13,399,363		445,566		13,646		3,233,187		923,703		18,015,465

(a) Firm Transportation

The Company has entered into firm transportation agreements with various pipelines in order to facilitate the delivery of its production to market. These contracts commit the Company to transport minimum daily natural gas or NGLs volumes at negotiated rates, or pay for any deficiencies at specified reservation fee rates. The amounts in this table are based on the Company’s minimum daily volumes at the reservation fee rate. The values in the table represent the gross amounts that the Company is committed to pay; however, the Company will record in the consolidated financial statements its proportionate share of costs based on its working interest. None of these agreements were determined to be leases.

(b) Processing, Gathering, and Compression Service Commitments

The Company has entered into various long-term gas processing, gathering and compression service agreements. Certain of these agreements were determined to be leases. The minimum payment obligations under the agreements that are not leases are presented in this column.

The values in the table represent the gross amounts that the Company is committed to pay; however, the Company will record in the consolidated financial statements its proportionate share of costs based on its working interest. The values in the table also include minimum processing fees to be paid to the Joint Venture owned by Antero Midstream Partners and MarkWest.

(c) Land Payment Obligations

The Company has entered into various land acquisition agreements. Certain of these agreements contain minimum payment obligations over various terms. The values in the table represent the minimum payments due under these arrangements. None of these agreements were determined to be leases.

(d)  Leases, including imputed interest

The Company has obligations under contracts for services provided by drilling rigs and completion fleets, processing, gathering, and compression services agreements, and office and equipment leases. The values in the table represent the gross amounts that we are committed to pay; however, we will record in our financial statements our proportionate share of costs based on our working interests. Refer to Note 12 to the unaudited condensed consolidated financial statements for more information on the Company’s operating and finance leases.