Gulfport Energy Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Future amounts due under operating lease liabilities as of December 31, 2021 were as follows:


	(In thousands)
2022	$	187
2023	142


Total lease payments	329
Less: Imputed interest	(7)
Total lease liabilities	$	322

Schedule of lease cost

Lease costs incurred for the Successor Period, Predecessor Period, and the year ended December 31, 2020 consisted of the following (in thousands):


	Successor		Predecessor
	Period from May 18, 2021 through December 31, 2021		Period from January 1, 2021 through May 17, 2021		Year Ended December 31, 2020
Operating lease cost	$	48	$	41	$	9,658
Variable lease cost	3		—		586
Short-term lease cost	11,507		4,496		9,361
Total lease cost(1)	$	11,558	$	4,537	$	19,605

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(1) The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in either lease operating expenses or general and administrative expenses in the accompanying consolidated statements of operations.

Supplemental cash flow information for the Successor Period, Predecessor Period, and the year ended December 31, 2020 related to leases was as follows (in thousands):


	Successor		Predecessor
	Period from May 18, 2021 through December 31, 2021		Period from January 1, 2021 through May 17, 2021		Year Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	78	$	48	$	140
Investing cash flow from operating leases	—		—		10,272
Investing cash flow from operating leases - related party	—		—		6,800