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

LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Maturities of operating lease liabilities as of September 30, 2021 were as follows:

The table below summarizes lease cost for the periods presented:


	Successor		Predecessor
	Three Months Ended September 30, 2021		Three Months Ended September 30, 2020
Operating lease cost	$	10	$	1,692

Variable lease cost	—		245

Short-term lease cost	2,873		2,259
Total lease cost(1)	$	2,883	$	4,196


	Successor		Predecessor
	Period from May 18, 2021 through September 30, 2021		Period from January 1, 2021 through May 17, 2021		Nine Months Ended September 30, 2020
Operating lease cost	$	18	$	41	$	7,970

Variable lease cost	—		—		705

Short-term lease cost	5,033		4,496		7,698
Total lease cost(1)	$	5,051	$	4,537	$	16,373


(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:


	Successor		Predecessor
	Period from May 18, 2021 through September 30, 2021		Period from January 1, 2021 through May 17, 2021		Nine Months Ended September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	46	$	48	$	109
Investing cash flow from operating leases	—		—		9,786
Investing cash flow from operating leases—related party	—		—		6,800