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COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended
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Sep. 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 |  | $ | 846
2019 |  |  | 2,990
2020 |  |  | 1,811
2021 |  |  | 1,497
2022 |  |  | 835
Thereafter |  |  | 1,345
Total |  | $ | 9,324
Schedule of commitments | As of September 30, 2018, the Company has the following active drilling rig commitments (in thousands):
Remaining period in 2018 |  | $ | 4,419
2019 |  |  | 4,726
2020 |  |  | —
2021 |  |  | —
2022 |  |  | —
Thereafter |  |  | —
Total |  | $ | 9,145

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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 + Details
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