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Leases
3 Months Ended
Mar. 31, 2019
Leases  
Leases

7. Leases

As previously described in “—Note 3. Impact of ASU 842 Adoption”, the Company leases certain office space, field offices, office equipment, compressors, other production equipment and fleet vehicles under cancelable and non-cancelable leases to support its operations. These leases do not contain material variable payments, residual value guarantees, covenants or other restrictions.

Supplemental cash flow information related to the Company’s leases are included in the table below (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

    

March 31, 2019

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

 

 

 

Operating cash flows from operating leases

 

$

310

Amortization of right-of-use assets:

 

 

 

Operating leases

 

$

208

 

Balance sheet information related to the Company’s leases are included in the table below (in thousands):

 

 

 

 

 

 

 

    

March 31, 2019

 

Operating Leases

 

 

 

 

Right-of-use lease assets

 

 

4,648

 

Total operating lease ROU asset

 

$

4,648

 

 

 

 

 

 

Lease liabilities

 

$

1,236

 

Long-term lease liabilities

 

 

4,041

 

Total operating lease liabilities

 

$

5,277

 

 

 

 

 

 

Weighted-average remaining lease term

 

 

6.68

years

 

As of March 31, 2019, the Company had no finance or operating leases that had not yet commenced.