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, 2023

Future amounts due under operating lease liabilities as of December 31, 2023, were as follows (in thousands):


2024	$	13,439
2025	836
2026	561
2027	10
2028	—
Total lease payments	$	14,846
Less: imputed interest	(547)
Total	$	14,299

Schedule of Lease Cost

Lease costs incurred for the years ended December 31, 2023 and December 31, 2022 consisted of the following (in thousands):


	Successor
	Year Ended December 31, 2023		Year Ended December 31, 2022
Operating lease cost	$	13,752	$	535
Variable lease cost	—		—
Short-term lease cost	28,691		31,987
Total lease cost(1)	$	42,443	$	32,522

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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 related to leases was as follows (in thousands):


	Successor
	Year Ended December 31, 2023		Year Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	6,390	$	601