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Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue

Schedule of minimum future lease cash flows to be received by the Company under the gathering and compression agreement

Minimum future lease cash flows to be received by the Company under the gathering and compression agreements as of December 31, 2023 are as follows (in thousands):


Year ending December 31, 2024		$	318,044
Year ending December 31, 2025			303,012
Year ending December 31, 2026			288,971
Year ending December 31, 2027			227,810
Year ending December 31, 2028			159,483
Thereafter			229,197
Total		$	1,526,517

Schedule of disaggregation of revenue


		Year Ended December 31,
(in thousands)		2021			2022			2023			Reportable Segment
Type of service
Gathering—low pressure		$	354,941			368,996			420,002		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(12,000)			(48,000)			(51,500)		Gathering and Processing ⁽¹⁾
Compression			198,992			210,329			246,952		Gathering and Processing ⁽¹⁾
Gathering—high pressure			207,804			211,940			226,908		Gathering and Processing ⁽¹⁾
Fresh water delivery			137,278			153,546			164,641		Water Handling
Other fluid handling			81,859			93,846			105,440		Water Handling
Amortization of customer relationships			(37,086)			(37,086)			(37,086)		Gathering and Processing
Amortization of customer relationships			(33,586)			(33,586)			(33,586)		Water Handling
Total		$	898,202			919,985			1,041,771

Type of contract
Per Unit Fixed Fee		$	761,737			791,265			893,862		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(12,000)			(48,000)			(51,500)		Gathering and Processing ⁽¹⁾
Per Unit Fixed Fee			137,278			154,993			166,055		Water Handling
Cost plus 3%			65,007			71,490			81,125		Water Handling
Cost of service fee			16,852			20,909			22,901		Water Handling
Amortization of customer relationships			(37,086)			(37,086)			(37,086)		Gathering and Processing
Amortization of customer relationships			(33,586)			(33,586)			(33,586)		Water Handling
Total		$	898,202			919,985			1,041,771

(1)	Revenue related to the gathering and processing segment is classified as lease income related to the gathering and compression systems.