Leases (Tables)

9 Months Ended

Sep. 30, 2019

Components of Lease Expense and Supplemental Cash Flow Information

Supplemental cash flow information related to leases follows:



In thousands	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	205
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	205

The components of our total lease expense for the three and nine months ended September 30, 2019 are as follows:



In thousands	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating Leases	$	68	$	205
Short-term leases⁽¹⁾	799		2,058
Total lease expense	$	867	$	2,263
Short-term lease costs capitalized to oil and gas properties⁽²⁾	$	4,904	$	9,827

(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 Balance Sheet Information

Supplemental balance sheet information related to leases follows:



In thousands, except lease term and discount rate data	September 30, 2019
Operating leases
Assets
Other property and equipment	$	112
Liabilities
Accrued liabilities	$	112
Weighted-average remaining lease term (years)	0.4
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 September 30, 2019:



In thousands	Operating Leases
2019	$	68
2020	45
Thereafter	—
Total minimum lease payments	113
Amount of lease payments representing interest	(1		)
Present value of future minimum lease payments	$	112

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 September 30, 2019:



In thousands	Amount
2019	$	174
2020	477
2021	368
Total minimum lease payments	$	1,019