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Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Exploration and production revenues from contracts with customers for crude oil, natural gas and NGL sales and other services were as follows for the periods presented:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
			(In thousands)
Crude oil revenues			$	155,052					$	318,564					$	448,904					$	964,662
Purchased crude oil sales			35,442						77,018						144,719						330,594
Natural gas and NGL revenues			24,525						25,906						63,631						105,594
Purchased natural gas sales			308						2,334						4,909						6,590
Other services revenues			309						8,898						6,686						30,795
Total exploration and production revenues			$	215,636					$	432,720					$	668,849					$	1,438,235

Midstream revenues were as follows for the periods presented:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
			(In thousands)
Midstream service revenues
Crude oil, natural gas and NGL revenues			$	22,682					$	21,653					$	72,267					$	69,189
Produced and flowback water revenues			8,801						10,803						27,300						29,309
Total midstream service revenues			$	31,483					$	32,456					$	99,567					$	98,498
Midstream product revenues
Purchased crude oil sales			$	8,444					$	—					$	18,196					$	28
Crude oil, natural gas and NGL revenues			15,100						16,424						35,707						46,541
Freshwater revenues			396						1,143						2,890						4,578
Total midstream product revenues			$	23,940					$	17,567					$	56,793					$	51,147
Total midstream revenues			$	55,423					$	50,023					$	156,360					$	149,645

Changes in Company's Contract Assets and Contract Liabilities

The following table summarizes the changes in the Company’s contract assets for the nine months ended September 30, 2020:

			(In thousands)
Balance as of December 31, 2019			$	—
Revenues recognized			1,538
Balance as of September 30, 2020			$	1,538

The following table summarizes the changes in the Company’s contract liabilities for the nine months ended September 30, 2020:

			(In thousands)
Balance as of December 31, 2019			$	2,105
Cash received			1,780
Revenues recognized			(345)
Balance as of September 30, 2020			$	3,540

Remaining Performance Obligation Expected Satisfaction Period

The following table presents estimated revenue allocated to remaining performance obligations for contracted revenues that are unsatisfied (or partially satisfied) as of September 30, 2020:

			(In thousands)
2020 (excluding the nine months ended September 30, 2020)			$	6,067
2021			16,921
2022			17,175
2023			10,896
2024			11,089
Thereafter			2,768
Total			$	64,916

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

No definition available.

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

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