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COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2018

COMMITMENTS AND CONTINGENCIES

Schedule of approximate future minimum lease payments for subsequent annual periods for all non-cancelable operating leases

Future obligations associated with the Company's operating leases are presented in the table below (in thousands):

Remaining period in 2018		$	1,678
2019			2,990
2020			1,811
2021			1,497
2022			835
Thereafter			1,345
​	​	​	​	​
Total		$	10,156
​	​	​	​	​
​	​	​	​	​

Schedule of commitments

        As of June 30, 2018, the Company has the following active drilling rig commitments (in thousands):

Remaining period in 2018		$	6,949
2019			2,850
2020			—
2021			—
2022			—
Thereafter			—
​	​	​	​	​
Total		$	9,799
​	​	​	​	​
​	​	​	​	​

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- Definition

Tabular disclosure of commitments of the entity.

+ References

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

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