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Related Party Transactions
 6 Months Ended
Jun. 30, 2023
Related Party Transactions  
Related Party Transactions

14. Related Party Transactions

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Old Ocean Reserves, an affiliate of our customer Hilcorp, has the right to designate one director to serve on our board of directors as long as Old Ocean Reserves or its successors (together with its affiliates) owns at least 7.5% of our outstanding common stock. As of June 30, 2023, Old Ocean Reserves owned 9.2% of our outstanding common stock. Jason C. Rebrook, Chief Executive Officer and Director of Harvest Midstream Company, a Hilcorp affiliate, has served as Old Ocean Reserves’ representative director since July 2020.

Revenue from Hilcorp was $8.7 million and $9.2 million during the three months ended June 30, 2023 and 2022, respectively, and $17.8 million and $18.6 million during the six months ended June 30, 2023 and June 30, 2022, respectively. Accounts receivable, net due from Hilcorp was $3.0 million as of June 30, 2023 and as of December 31, 2022.

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