Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of disaggregation of revenue

We recognized revenue of $17.0 million for three months ended June 30, 2018.  The following table displays revenue disaggregated by type of revenue and product type (in thousands):

	Three Months Ended June 30, 2018
	Production		Midstream		Total
Revenues:
Natural gas sales	$	226	$	—	$	226
Oil sales		1,584		—		1,584
Natural gas liquid sales		400		—		400
Gathering and transportation sales		—		1,661		1,661
Gathering and transportation lease revenues		—		13,168		13,168
Total revenues	$	2,210	$	14,829	$	17,039

We recognized revenue of $35.6 million for six months ended June 30, 2018.  The following table displays revenue disaggregated by type of revenue and product type (in thousands):

	Six Months Ended June 30, 2018
	Production		Midstream		Total
Revenues:
Natural gas sales	$	699	$	—	$	699
Oil sales		5,046		—		5,046
Natural gas liquid sales		995		—		995
Gathering and transportation sales		—		3,349		3,349
Gathering and transportation lease revenues		—		25,486		25,486
Total revenues	$	6,740	$	28,835	$	35,575

Accounting Standards Update 2014-09

Schedule of cumulative effect of adoption of ASC 606

The impact of adopting Topic 606 on our condensed consolidated statement of operations is as follows (in thousands):

	Three Months Ended June 30, 2018
	As reported		Balances without Adoption Topic 606		Effect of change Higher/(Lower)
Statement of Operations
Gathering and transportation sales	$	1,661	$	14,829	$	(13,168)
Gathering and transportation lease revenues		13,168		—		13,168
Net earnings	$	14,829	$	14,829	$	—

	Six Months Ended June 30, 2018
	As reported		Balances without Adoption Topic 606		Effect of change Higher/(Lower)
Statement of Operations
Gathering and transportation sales	$	3,349	$	28,835	$	(25,486)
Gathering and transportation lease revenues		25,486		—		25,486
Net earnings	$	28,835	$	28,835	$	—