Gulfport Energy Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2022

Future amounts due under operating lease liabilities as of March 31, 2022 were as follows (in thousands):


Remaining 2022	$	137
2023	142



Total lease payments	$	279
Less: Imputed interest	(6)
Total	$	273

Schedule of Lease Cost

Lease costs incurred for the Successor Quarter and Predecessor Quarter consisted of the following (in thousands):


	Successor		Predecessor
	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Operating lease cost	$	50	$	32

Variable lease cost	—		—

Short-term lease cost	8,622		2,189
Total lease cost(1)	$	8,672	$	2,221

_____________________

(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 related to leases was as follows (in thousands):


	Successor		Predecessor
	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	49	$	31