Parker Wellbore Annual report pursuant to Section 13 and 15(d)

Operating Leases (Tables)

12 Months Ended

Dec. 31, 2019

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



	Successor
Dollars in thousands	December 31, 2019
Operating lease right-of-use assets⁽¹⁾	$	28,955

Operating lease liabilities - current ⁽²⁾	9,946
Operating lease liabilities - noncurrent⁽³⁾	18,979
Total operating lease liabilities	$	28,925

Weighted average remaining lease term (in years)	8
Weighted average discount rate	8.5		%


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


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


(3)	This amount is included in other long-term liabilities in our consolidated balance sheet.

Supplemental cash flow information related to leases are as follow:



	Successor		Predecessor
	Nine Months Ended December 31,		Three Months Ended March 31,
Dollars in thousands	2019		2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	7,969	$	2,967
Operating lease right-of-use assets obtained in exchange for lease obligations	$	14,852	$	238

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



	Successor
Dollars in thousands	Operating Leases
2020	$	10,375
2021	6,704
2022	3,823
2023	3,045
2024	2,017
Beyond 2024	15,372
Total undiscounted lease liability	41,336
Imputed interest	(12,411		)
Total operating lease liabilities	$	28,925

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

Lease expense for lease payments is recognized on a straight-line basis over the lease term. Expenses for operating leases are shown below: