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

Operating Leases (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental lease information related to our operating leases as of June 30, 2019 is shown below:



	Successor
Dollars in thousands	June 30, 2019
Operating lease right-of-use assets⁽¹⁾	$	19,023

Operating lease liabilities - current ⁽²⁾	8,049
Operating lease liabilities - noncurrent⁽³⁾	9,928
Total operating lease liabilities	$	17,977

Weighted average remaining lease term (in years)	3
Weighted average discount rate	7.2		%


(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.

Supplemental cash flow information related to leases are as follow:



	Successor		Predecessor
	Three Months Ended June 30,		Three Months Ended March 31,
Dollars in thousands	2019		2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	2,150	$	2,498
Operating lease right-of-use assets obtained in exchange for lease obligations	$	737	$	60

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

Maturities of operating lease liabilities as of June 30, 2019 were as follows:



	Successor
Dollars in thousands	Operating Leases
2019	$	4,345
2020	7,181
2021	4,462
2022	2,005
2023	1,534
Beyond 2023	558
Total undiscounted lease liability	20,085
Imputed interest	(2,108		)
Total operating lease liabilities	$	17,977

Expenses for operating leases for the six months ended June 30, 2019 are shown below: