Significant Accounting Polices (Tables)

6 Months Ended

Jun. 30, 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. We record revenue under MVC contracts during periods of shortfall when it is known that the customer cannot, or will not, make up the deficiency. 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 and six months ended June 30, 2021, we had contractual commitments of $10.9 million and $24.4 million under our MVC contracts, respectively, and recorded $0.3 million of revenue due to volume shortfalls for the six months ended June 30, 2021. No revenue due to volume shortfalls was recorded for the three months ended June 30, 2021.


MVC and Firm Transportation Commitments (in millions) (1)
2021 (remaining)	$	75.1
2022	134.1
2023	121.6
2024	105.8
2025	62.2
Thereafter	342.1
Total	$	840.9

____________________________

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