Our contract arrangements accounted for under the applicable GAAP for lease contracts consist of office leases, a land lease and various pipeline right-of-way contracts.  For these contracts, a right-of-use ("ROU") asset and lease liability was established based on our assumptions of the term, inflation rates and incremental borrowing rates. 

 

During the months ended we terminated the existing office lease and executed a new lease on separate office space.  The remaining term of the current office lease extends to The term of the new office lease extends to When calculating the ROU asset and lease liability at the commencement of the new office lease, we have reduced future cash outflows by the lease incentive to be received.

 

The term of each pipeline right-of-way contract is years with various effective dates, and each has an option to renew for up to another  years.  It is expected renewals beyond years can be obtained as renewals were granted to the previous lessees.  The land lease has an option to renew every  years extending to   The expected term of the rights-of way and land leases was estimated to approximate the life of the related reserves.   

 

We recorded ROU assets and lease liabilities using a discount rate of for the office leases and for the other leases due to their longer expected term. 

 

Amounts related to leases recorded within our Condensed Consolidated Balance Sheet are as follows (in thousands):

 

 

		March 31, 2020				December 31, 2019
ROU assets		$	12,745			$	7,936
Lease liability:
Accrued liabilities		$	2,472			$	2,716
Other liabilities			9,581				4,419
Total lease liability		$	12,053			$	7,135