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)

9 Months Ended

Sep. 30, 2022

Future amounts due under operating lease liabilities as of September 30, 2022 were as follows (in thousands):


Remaining 2022	$	247
2023	966
2024	824
2025	824
2026	550
Total lease payments	$	3,411
Less: imputed interest	(351)
Total	$	3,060

Schedule of Lease Cost

The tables below summarize lease cost for the periods presented (in thousands):


	Successor
	Three Months Ended September 30, 2022		Three Months Ended September 30, 2021
Operating lease cost	$	187	$	10
Variable lease cost	—		—
Short-term lease cost	8,035		2,873
Total lease cost(1)	$	8,222	$	2,883


	Successor				Predecessor
	Nine Months Ended September 30, 2022		Period from May 18, 2021 through September 30, 2021		Period from January 1, 2021 through May 17, 2021
Operating lease cost	$	287	$	18	$	41
Variable lease cost	—		—		—
Short-term lease cost	26,817		5,033		4,496
Total lease cost(1)	$	27,104	$	5,051	$	4,537

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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				Predecessor
	Nine Months Ended September 30, 2022		Period from May 18, 2021 through September 30, 2021		Period from January 1, 2021 through May 17, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	354	$	46	$	48