Related Party Transactions

6 Months Ended

Jun. 30, 2021

Related Party Transactions [Abstract]

Related Party Transactions

(4) Related Party Transactions

Transactions with Cedar Cove JV. For the three and six months ended June 30, 2021, we recorded cost of sales of $3.6 million and $6.8 million, respectively, and for the three and six months ended June 30, 2020, we recorded costs of sales of $1.3 million and $4.2 million, respectively, related to our purchase of residue gas and NGLs from the Cedar Cove JV subsequent to processing at our Central Oklahoma processing facilities. Additionally, we had accounts payable balances related to transactions with the Cedar Cove JV of $1.4 million and $1.0 million at June 30, 2021 and December 31, 2020, respectively.

Transactions with GIP. For the three and six months ended June 30, 2021, we recorded general and administrative expenses of $0.1 million and $0.2 million, respectively, related to personnel secondment services provided by GIP. We did not record any expenses related to transactions with GIP for the three and six months ended June 30, 2020.

Management believes the foregoing transactions with related parties were executed on terms that are fair and reasonable to us. The amounts related to related party transactions are specified in the accompanying consolidated financial statements.