Leases (Tables)

12 Months Ended

Dec. 31, 2019

Components of Lease Expense and Supplemental Cash Flow Information

The components of our total lease expense for the year ended December 31, 2019 are as follows:



In thousands	Year ended December 31, 2019
Operating Leases	$	273
Short-term leases⁽¹⁾	2,766
Total lease expense	$	3,039
Short-term lease costs capitalized to oil and gas properties⁽²⁾	$	11,747

(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 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 consolidated balance sheets.

Supplemental cash flow information related to leases follows:



In thousands	Year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	273
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	273

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases follows:



In thousands, except lease term and discount rate data	December 31, 2019
Operating leases
Assets
Other property and equipment	$	45
Liabilities
Accrued liabilities	$	45
Weighted-average remaining lease term (years)	0.2
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 December 31, 2019:



In thousands	Operating Leases
2020	$	45
Thereafter	—
Total minimum lease payments	45
Amount of lease payments representing interest	—
Present value of future minimum lease payments	$	45

Maturities of Operating Leases Under Previous Accounting Standard

The table below summarizes by year the remaining non-cancelable future lease payments under our leases, as accounted for under previous accounting guidance as of December 31, 2018, a majority of which represents lease payments on our old corporate office space which was impaired in 2018:



In thousands	Amount
2019	$	422
2020	477
2021	368
Total minimum lease payments	$	1,267