Leases (Tables)

3 Months Ended

Mar. 31, 2019

Components of Lease Expense and Supplemental Cash Flow Information

The components of our total lease expense for the three months ended March 31, 2019 are as follows:



In thousands	Three Months Ended March 31, 2019
Operating Leases	$	68
Short-term leases⁽¹⁾	626
Total lease expense	$	694
Short-term lease costs capitalized to oil and gas properties⁽²⁾	$	3,331

(1) Short-term leases represent expenses related to leases with a contract term of one year or less. The majority of these leases relate to field operating equipment and are included in lease operating and gas gathering expense on the unaudited condensed consolidated statement of operations.

(2) Short-term lease costs represent leases with a contract term of one year or less, the majority of which are related to drilling rigs and are capitalized as part of Oil and Gas Properties on the unaudited condensed consolidated balance sheets.

Supplemental cash flow information related to leases follows:



In thousands	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	68
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	68

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases follows:



In thousands, except lease term and discount rate data	March 31, 2019
Operating leases
Assets
Other property and equipment	$	244
Liabilities
Accrued liabilities	244
Weighted-average remaining lease term	0.9
Weighted-average discount rate	5.0		%

Maturities of Operating Lease Liabilities

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the unaudited condensed consolidated balance sheet as of March 31, 2019:



In thousands	Operating Leases
2019	$	205
2020	45
Thereafter	—
Total minimum lease payments	250
Amount of lease payments representing interest	(6		)
Present value of future minimum lease payments	$	244

Maturities of Operating Leases Under Previous Accounting Standard

Under the previous accounting standard, future minimum lease payments for operating leases having initial or remaining noncancelable terms in excess of one year would have been as follows as of March 31, 2019:



In thousands	Amount
2019	$	695
2020	477
2021	368
Total minimum lease payments	$	1,540