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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]  
Future Minimum Lease Payments Required Under Lease Agreements

The following is a schedule by year, of the future minimum lease payments required under the lease agreements as of December 31, 2018 (in thousands).

 

2019

 

 

1,360

 

2020

 

 

1,060

 

2021

 

 

929

 

2022

 

 

755

 

2023

 

 

755

 

Thereafter

 

 

1,619

 

Total minimum lease payments

 

$

6,478

 

Other Commitments (d) Other Commitments (in thousands)

 

 

 

Drilling rig commitments(i)

 

 

Firm transportation(ii)

 

 

Gas processing,

gathering, and

compression

services(iii)

 

 

Total

 

Year Ending December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

$

1,287

 

 

$

80,083

 

 

$

26,271

 

 

$

107,641

 

2020

 

 

 

 

 

80,303

 

 

 

22,886

 

 

 

103,189

 

2021

 

 

 

 

 

80,083

 

 

 

18,147

 

 

 

98,230

 

2022

 

 

 

 

 

80,083

 

 

 

20,440

 

 

 

100,523

 

2023

 

 

 

 

 

80,083

 

 

 

18,515

 

 

 

98,598

 

Thereafter

 

 

 

 

 

700,549

 

 

 

61,923

 

 

 

762,472

 

Total

 

$

1,287

 

 

$

1,101,184

 

 

$

168,182

 

 

$

1,270,653

 

 

(i)

Drilling rig commitments -The Company had contracts for the service of two rigs, which have both expired and the Company has entered into well-to-well contracts.  The values in the table represent the gross amounts that the Company is committed to pay and does not deduct amounts that other parties are responsible for as a result of cost sharing arrangements with working interest partners. The Company will record in its consolidated financial statements the Company’s proportionate share of costs based on its working interest, as applicable.

(ii)

Firm transportation -The Company has entered into firm transportation agreements with various pipelines in order to facilitate the delivery of production to market. These contracts commit the Company to transport minimum daily natural gas volumes at a negotiated rate, or pay for any deficiencies at a specified reservation fee rate. The amounts in this table represent the minimum daily volumes at the reservation fee rate. The values in the table represent the gross amounts that the Company is committed to pay and does not deduct amounts that other parties are responsible for as a result of cost sharing arrangements with working interest partners. The Company will record in its consolidated financial statements the Company’s proportionate share of costs based on its working interest.

(iii)

Gas processing, gathering, and compression services -Contractual commitments for gas processing, gathering and compression service agreements represent minimum commitments under long-term gas processing agreements as well as various gas compression agreements. The values in the table represent the gross amounts that the Company is committed to pay and does not deduct amounts that other parties are responsible for as a result of cost sharing arrangements with working interest partners. The Company will record in its consolidated financial statements its proportionate share of costs based on the Company’s working interest.