XML 26 R12.htm IDEA: XBRL DOCUMENT v3.24.2.u1
REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Crude oil, natural gas, and NGL sales revenue presented within the accompanying statements of operations is reflective of the revenue generated from contracts with customers. Revenue attributable to each identified revenue stream and operating region is disaggregated below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Sales by Commodity and Operating Region2024202320242023
Crude oil
DJ Basin$489,244 $540,736 $980,291 $1,000,807 
Permian Basin645,476 — 1,230,023 — 
Total1,134,720 540,736 2,210,314 1,000,807 
Natural gas
DJ Basin40,692 43,985 114,857 146,662 
Permian Basin(31,306)— (18,479)— 
Total9,386 43,985 96,378 146,662 
NGL
DJ Basin86,100 74,119 168,405 166,212 
Permian Basin81,326 — 164,191 — 
Total167,426 74,119 332,596 166,212 
Crude oil, natural gas, and NGL
DJ Basin616,036 658,840 1,263,553 1,313,681 
Permian Basin695,496 — 1,375,735 — 
Total$1,311,532 $658,840 $2,639,288 $1,313,681 
For the three and six months ended June 30, 2024 and 2023, revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods was insignificant. As of June 30, 2024 and December 31, 2023, our receivables from contracts with customers were $559.7 million and $506.0 million, respectively.