Commitments and Contingencies

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Contractual Obligations

The Company has various contractual obligations in the normal course of its operations. There have been no material changes to the Company’s contractual obligations described under “Transportation and Gathering Agreements” as disclosed in Note 9 of the Notes to Consolidated Financial Statements in the Form 10-K.

Lease Commitments

Lease cost information was as follows:

	Three Months Ended   March 31,
(In thousands)	2020		2019
Operating lease cost	$	1,285	$	2,998
Variable lease cost	$	301	$	1,758
Short-term lease cost	$	12,321	$	67,123

Supplemental cash flow information related to leases was as follows:

	Three Months Ended   March 31,
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,262	$	1,123
Investing cash flows from operating leases	$	—	$	1,791

Information regarding the weighted-average remaining lease term and the weighted-average discount rate for operating leases is summarized below:

	March 31,
	2020		2019
Weighted-average remaining lease term (in years)
Operating leases	11.8		11.4
Weighted-average discount rate
Operating leases	5.0	%	4.9	%

Legal Matters

The Company is a defendant in various legal proceedings arising in the normal course of business. All known liabilities are accrued when management determines they are probable based on its best estimate of the potential loss. While the outcome and impact of these legal proceedings on the Company cannot be predicted with certainty, management believes that the resolution of these proceedings will not have a material effect on the Company's financial position, results of operations or cash flows.

Contingency Reserves. When deemed necessary, the Company establishes reserves for certain legal proceedings. The establishment of a reserve is based on an estimation process that includes the advice of legal counsel and subjective judgment of management. While management believes these reserves to be adequate, it is reasonably possible that the Company could incur additional losses with respect to those matters for which reserves have been established. The Company believes that any such amount above the amounts accrued would not be material to the Condensed Consolidated Financial Statements. Future changes in facts and circumstances not currently foreseeable could result in the actual liability exceeding the estimated ranges of loss and amounts accrued.