Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Summary of Revenue from Contracts with Customers Table

The following table summarizes revenue from contracts with customers:

	Three Months Ended  September 30,				Nine Months Ended  September 30,
thousands	2021		2020		2021		2020
Revenue from customers
Service revenues – fee based	$	605,967	$	582,725	$	1,707,987	$	1,806,097
Service revenues – product based	28,812		12,316		88,267		35,237
Product sales	84,298		30,106		227,359		108,491
Total revenue from customers	719,077		625,147		2,023,613		1,949,825
Revenue from other than customers
Lease revenue (1)	44,515		53,797		133,755		174,449
Other	248		100		577		838
Total revenues and other	$	763,840	$	679,044	$	2,157,945	$	2,125,112

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(1)Includes fixed- and variable-lease revenue from an operating and maintenance agreement entered into with Occidental. See Operating leases within Note 6.

Contract Balances Tables

The following table summarizes activity related to contract assets from contracts with customers:

thousands
Contract assets balance at December 31, 2020	$	56,344
Amounts transferred to Accounts receivable, net that were included in the contract assets balance at the beginning of the period (1)	(3,858)
Additional estimated revenues recognized (2)	17,472
Contract assets balance at September 30, 2021	$	69,958
Contract assets at September 30, 2021
Other current assets	$	23,766
Other assets	46,192
Total contract assets from contracts with customers	$	69,958

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(1)Includes $(3.9) million for the three months ended September 30, 2021.

(2)Includes $8.9 million for the three months ended September 30, 2021.

The following table summarizes activity related to contract liabilities from contracts with customers:

thousands
Contract liabilities balance at December 31, 2020	$	266,937
Cash received or receivable, excluding revenues recognized during the period (1)	60,786
Revenues recognized that were included in the contract liability balance at the beginning of the period (2)	(13,553)
Cumulative catch-up adjustment for change in estimated consideration (3)	(17,209)
Contract liabilities balance at September 30, 2021	$	296,961
Contract liabilities at September 30, 2021
Accrued liabilities	$	22,854
Other liabilities	274,107
Total contract liabilities from contracts with customers	$	296,961

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(1)Includes $26.7 million for the three months ended September 30, 2021.

(2)Includes $(5.5) million for the three months ended September 30, 2021, $(1.7) million of which is related to the cumulative catch-up revenue adjustment recognized for the nine months ended September 30, 2021.

(3)Includes $(17.2) million for the three months ended September 30, 2021.

Expected Revenue Recognition from Satisfaction of Performance Obligations Table

Therefore, the following table represents only a portion of expected future revenues from existing contracts as most future revenues from customers are dependent on future variable customer volumes and, in some cases, variable commodity prices for those volumes.

thousands
Remainder of 2021	$	211,353
2022	1,057,409
2023	1,002,351
2024	973,300
2025	890,903
Thereafter	2,719,380
Total	$	6,854,696