REVENUE FROM CONTRACTS WITH CUSTOMERS

3 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

NOTE 11 REVENUE FROM CONTRACTS WITH CUSTOMERS

Contract Drilling Services Revenue

During the three months ended December 31, 2019 and 2018, early termination revenue was approximately $0.1 million and $7.1 million, respectively.

Contract Costs

We had capitalized fulfillment costs of $14.3 million as of December 31, 2019 and $13.9 million as of September 30, 2019.

Remaining Performance Obligations

The total aggregate transaction price allocated to the unsatisfied performance obligations, commonly referred to as backlog, as of December 31, 2019 was approximately $1.1 billion, of which approximately $0.7 billion is expected to be recognized during the remainder of fiscal year 2020, approximately $0.3 billion during fiscal year 2021, and approximately $0.1 billion in fiscal year 2022 and thereafter. These amounts do not include anticipated contract renewals. Additionally, contracts that currently contain month-to-month terms are represented in our backlog as one month of unsatisfied performance obligations. Our contracts are subject to cancellation or modification at the election of the customer; however, due to the level of capital deployed by our customers on underlying projects, we have not been materially adversely affected by contract cancellations or modifications in the past. We do not have material long-term contracts related to our H&P Technologies segment.

Contract Assets and Liabilities

The following table summarizes the balances of our contract assets and liabilities at the dates indicated:



(in thousands)	December 31, 2019		September 30, 2019
Contract assets	$	3,024	$	2,151



(in thousands)	December 31, 2019
Contract liabilities balance at September 30, 2019	$	23,354
Payment received/accrued and deferred	11,098
Revenue recognized during the period	(9,340		)
Contract liabilities balance at December 31, 2019	$	25,112