Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies

Schedule of estimated future minimum commitments

The estimated future minimum commitments as of March 31, 2015, are:

	Payments Due By Year(1)
	Total		2015(2)		2016		2017		2018		2019		Thereafter
	(In thousands)
Operating leases(3)	$	15,282	$	2,447	$	3,158	$	3,223	$	3,323	$	3,131	$	—
Atwood Achiever drilling rig contract(4)	467,075		102,935		217,770		146,370		—		—		—

(1) Does not include purchase commitments for jointly owned fields and facilities where we are not the operator and excludes commitments for exploration activities, including well commitments, in our petroleum contracts.

(2) Represents payments for the period from April 1, 2015 through December 31, 2015.

(3) Primarily relates to corporate office and foreign office leases.

(4) Commitments calculated using a day rate of $595,000, excluding applicable taxes. The rig commitments reflect the execution of a rig sharing agreement, whereby two rig slots (estimated to be 102 days during 2015) were assigned to a third-party.