Parker Wellbore Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

3 Months Ended

Mar. 31, 2019

Supplemental lease information related to our operating leases as of March 31, 2019 is shown below:



	Successor
Dollars in thousands	March 31, 2019
Operating lease right-of-use assets⁽¹⁾	$	19,662

Operating lease liabilities - current ⁽²⁾	$	8,131
Operating lease liabilities - noncurrent⁽³⁾	10,971
Total operating lease liabilities	$	19,102

Cash paid for amounts included in the measurement of operating lease liabilities	$	2,498
Operating lease right-of-use assets obtained in exchange for lease obligations	$	60

Weighted average remaining lease term (in years)	3
Weighted average discount rate	7.0		%


(1)	This amount is included in other non-current assets in our consolidated condensed balance sheet.


(2)	This amount is included in accounts payable and accrued liabilities in our consolidated condensed balance sheet.

(3)

This amount is included in other long-term liabilities in our consolidated condensed balance sheet.

Maturities of operating lease liabilities as of March 31, 2019 were as follows:



	Successor
Dollars in thousands	Operating Leases
2019	$	6,231
2020	6,879
2021	4,170
2022	1,957
2023	1,534
Beyond 2023	558
Total undiscounted lease liability	21,329
Imputed interest	(2,227		)
Total operating lease liabilities	$	19,102

Future minimum operating lease payments as of December 31, 2018 were as follows:

Expenses for operating leases for the three months ended March 31, 2019 are shown below: