Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Company Drilling and Derivative Commitments

Derivative Obligations

The Company’s future deferred premium payments related to derivative agreements as of December 31, 2019 was as follows (in thousands):

	Payments Due by Period
	2020		2021		2022		2023		2024		Thereafter		Total
Derivative obligations	$	58,855	$	—	$	—	$	—	$	—	$	—	$	58,855

Schedule of Future Minimum Rental Payments for Operating Leases

As of December 31, 2018, minimum future contractual payments for long-term operating leases under the scope of ASC 840 were as follows (in thousands):

	Operating leases(1)		Finance leases
2019	$	71,998	$	2,413
2020	39,403		1,288
2021	26,658		436
2022	22,473		51
2023	21,822		14
Thereafter	148,508		—
Total lease payments	$	330,862	$	4,202

(1)

Operating leases included minimum future contractual payments for long-term operating leases that have not commenced.

Oil and Gas Delivery Commitments and Contracts Disclosure

	For the years ended December 31,
	2020		2021		2022		2023		2024		Thereafter		Total
Oil (MMBbl)(1)	26.6		45.6		43.3		39.7		36.6		61.5		253.3
Dollar commitment(2) (in thousands)	$	41,534	$	79,530	$	79,770	$	75,112	$	70,962	$	126,666	$	473,574

(1)

This table is based on agreements that the Company has signed with third-party pipeline operators as of December 31, 2019. Of the total 253.3 MMBbls, 99.0 MMBbls are subject to the commencement of operations of third party-terminal and pipeline systems.

(2)

These amounts equal the total deficiency fees payable, based on assumptions management considers reasonable, if the Company is unable to meet all of its contractual delivery commitments under its long-term transportation and crude oil sales agreements. Of the total $473.6 million, $204.1 million is associated with delivery commitments subject to the commencement of operations of third-party terminal and pipeline systems.