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Revenue recognition (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue disaggregated and reconciles disaggregated revenue to revenue reported
The following table displays the revenue disaggregated and reconciles the disaggregated revenue to the revenue reported:
 
 
For the Year Ended December 31,
 
 
2019
 
2018
Revenues:
 
 

 
 
Oil
 
$
173,555

 
$
171,749

Natural gas
 
40,543

 
41,506

Natural gas liquids
 
42,101

 
45,590

Gross commodity sales
 
256,199

 
258,845

Transportation and processing
 
(23,049
)
 
(16,276
)
Net commodity sales
 
$
233,150

 
$
242,569

Summary of impact of adoption of accounting standards
In accordance with ASC 606, the disclosure of the impact of adoption on our income statement is as follows:
 
 
Year ended December 31, 2018
 
 
As reported
 
Balances without adoption of ASC 606
 
Effect of change
Revenues
 
 

 
 

 
 

Net commodity sales
 
$
242,569

 
$
258,845

 
$
16,276

Costs and expenses
 
 
 
 
 
 
Transportation and processing
 
$

 
$
(16,276
)
 
$
(16,276
)
In accordance with ASC 842, the disclosure of the impact of adoption on our balance statement is as follows:
 
 
As of January 1, 2019
 
 
Balances upon adoption
 
Balances without adoption of ASC 842
 
Effect of change
Assets
 
 
 
 
 
 
Right of use asset from operating leases, net
 
$
14,999

 
$

 
$
14,999

Liabilities
 
 
 
 
 
 
Accounts payable and accrued liabilities
 
12,467

 

 
12,467

Noncurrent operating lease obligation
 
2,532

 

 
2,532