Leases
Operating Leases – Lessee
Related Party Operating Lease. We have a long-term terminalling and storage contract with Seabrook for exclusive use of dedicated tankage that provides our customers with crude oil storage capacity and dock access for crude oil imports and exports on the Texas Gulf Coast.
The following tables provide information about our third party and our Seabrook operating leases (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2019 | | Three Months Ended March 31, 2020 | | | Third Party Leases | | Seabrook Lease | | All Leases | | Third Party Leases | | Seabrook Lease | | All Leases | Total lease expense | | $ | 5,649 |
| | $ | 6,909 |
| | $ | 12,558 |
| | $ | 5,990 |
| | $ | 6,899 |
| | $ | 12,889 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2019 | | March 31, 2020 | | | Third Party Leases | | Seabrook Lease | | All Leases | | Third Party Leases | | Seabrook Lease | | All Leases | Current lease liability | | $ | 15,136 |
| | $ | 11,085 |
| | $ | 26,221 |
| | $ | 14,882 |
| | $ | 11,817 |
| | $ | 26,699 |
| Long-term lease liability | | $ | 81,508 |
| | $ | 62,515 |
| | $ | 144,023 |
| | $ | 79,288 |
| | $ | 59,930 |
| | $ | 139,218 |
| Right-of-use asset | | $ | 98,268 |
| | $ | 73,600 |
| | $ | 171,868 |
| | $ | 93,766 |
| | $ | 71,746 |
| | $ | 165,512 |
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