Risk Concentrations

3 Months Ended

Mar. 31, 2020

Risk Concentrations

Risk Concentrations

Note 9 — Risk Concentrations

Customer Concentrations 

For the three months ended March 31,2020, two customers, EOG Resources and Concho Resources, Inc., accounted for 18% and 17% of the Company’s consolidated revenue, respectively. As of March 31, 2020, approximately 28% of the accounts receivable balance was due from these customers.

For the three months ended March 31,2019, three customers, EOG Resources, Concho Resources, Inc. and Sable Resources Land, LLC, accounted for 16%, 12% and 12% of the Company’s consolidated revenues, respectively. As of March 31, 2019, approximately 49% of the accounts receivable balance was due from these customers.