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Debt
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Debt Debt
The current portion of long-term debt consists of the following:
 June 30, 2020December 31, 2019
Oakdale Equipment Financing$3,516  $3,431  
Notes payable2,796  2,628  
Finance leases118  116  
Long-term debt, net, current$6,430  $6,175  

Long-term debt, net of current portion consists of the following:
 June 30, 2020December 31, 2019
Oakdale Equipment Financing, net$16,656  $18,074  
ABL Credit Facility—  2,500  
Notes payable7,796  7,192  
Finance leases413  474  
Long-term debt, net$24,865  $28,240  
The follow summarizes the maturity of our debt:
Oakdale Equipment Financing, NetABL Credit FacilityNotes PayableFinance leasesTotal
Remainder 2020$1,641  $—  $1,229  $58  $2,928  
20213,435  —  3,086  121  6,642  
20223,650  —  3,033  116  6,799  
20233,877  —  2,100  236  6,213  
20247,569  —  1,144  —  8,713  
Total$20,172  $—  $10,592  $531  $31,295  

ABL Credit Facility
On December 13, 2019, the Company entered into a $20,000 five-year senior secured asset-based credit facility with Jefferies Finance LLC. The available borrowing amount under the ABL Credit Facility as of June 30, 2020 was $8,035 and is based on the Company’s eligible accounts receivable and inventory, as described in the ABL Credit Agreement. As of June 30, 2020, there were no borrowings outstanding. The weighted average interest rate on borrowings for the three and six months ended June 30, 2020 was 3.25% and 3.31%, respectively. As of June 30, 2020 and December 31, 2019, the Company was in compliance with all covenants.
Oakdale Equipment Financing
On December 13, 2019, the Company received net proceeds of $23,000 in an equipment financing arrangement with Nexseer. Substantially all of the Company’s mining and processing equipment at its Oakdale facility are pledged as collateral under the Oakdale Equipment Financing. The Oakdale Equipment Financing bears interest at a fixed rate of 5.79%. The Company used the net proceeds to repay in full and terminate the Former Credit Facility, pay transaction costs, and the remainder was used for working capital purposes.
Notes Payable
The Company enters into various financing arrangements, primarily to finance its manufactured wellsite proppant storage solutions equipment. Upon completion of the equipment manufacturing, the Company signs a note payable and title to the equipment passes to the financial institutions as collateral. In June 2020, the Company executed a note payable to defer certain near-term minimum royalty payments. All notes payable bear interest at rates between 4.00% and 7.49%.