Significant Accounting Polices (Tables)

3 Months Ended

Mar. 31, 2021

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table summarizes the contractually committed fees that we expect to recognize in our consolidated statements of operations, in either revenue or reductions to cost of sales, from MVC and firm transportation contractual provisions. All amounts in the table below are determined using the contractually-stated MVC or firm transportation volumes specified for each period multiplied by the relevant deficiency or reservation fee. Actual amounts could differ due to the timing of revenue recognition or reductions to cost of sales resulting from make-up right provisions included in our agreements, as well as due to nonpayment or nonperformance by our customers. These fees do not represent the shortfall amounts we expect to collect under our MVC contracts, as we generally do not expect volume shortfalls to equal the full amount of the contractual MVCs during these periods. For example, for the three months ended March 31, 2021, we had contractual commitments of $13.5 million under our MVC contracts and recorded $0.3 million of revenue due to volume shortfalls.


MVC and Firm Transportation Commitments (in millions) (1)
2021 (remaining)	$	106.3
2022	127.5
2023	116.5
2024	104.4
2025	62.0
Thereafter	342.1
Total	$	858.8

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(1)Amounts do not represent expected shortfall under these commitments.