Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

The following table disaggregates our revenue by segment and by major source for the periods indicated (in thousands):


	Reporting Segments
	Crude Oil Marketing		Transportation		Pipeline and storage		Total

Three Months Ended June 30, 2021
Revenues from contracts with customers	$	452,820	$	23,497	$	155	$	476,472
Other (1)	10,272		—		—		10,272
Total revenues	$	463,092	$	23,497	$	155	$	486,744

Timing of revenue recognition:
Goods transferred at a point in time	$	452,820	$	—	$	—	$	452,820
Services transferred over time	—		23,497		155		23,652
Total revenues from contracts with customers	$	452,820	$	23,497	$	155	$	476,472

Three Months Ended June 30, 2020
Revenues from contracts with customers	$	131,529	$	12,145	$	—	$	143,674
Other (1)	8,612		—		—		8,612
Total revenues	$	140,141	$	12,145	$	—	$	152,286

Timing of revenue recognition:
Goods transferred at a point in time	$	131,529	$	—	$	—	$	131,529
Services transferred over time	—		12,145		—		12,145
Total revenues from contracts with customers	$	131,529	$	12,145	$	—	$	143,674

Six Months Ended June 30, 2021
Revenues from contracts with customers	$	750,295	$	44,732	$	388	$	795,415
Other (1)	16,820		—		—		16,820
Total revenues	$	767,115	$	44,732	$	388	$	812,235

Timing of revenue recognition:
Goods transferred at a point in time	$	750,295	$	—	$	—	$	750,295
Services transferred over time	—		44,732		388		45,120
Total revenues from contracts with customers	$	750,295	$	44,732	$	388	$	795,415

Six Months Ended June 30, 2020
Revenues from contracts with customers	$	451,246	$	28,401	$	—	$	479,647
Other (1)	26,116		—		—		26,116
Total revenues	$	477,362	$	28,401	$	—	$	505,763

Timing of revenue recognition:
Goods transferred at a point in time	$	451,246	$	—	$	—	$	451,246
Services transferred over time	—		28,401		—		28,401
Total revenues from contracts with customers	$	451,246	$	28,401	$	—	$	479,647

_______________

(1)Other crude oil marketing revenues are recognized under Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging, and ASC 845, Nonmonetary Transactions – Purchases and Sales of Inventory with the Same Counterparty.

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Reporting these crude oil contracts on a gross revenue basis would increase our reported revenues as follows for the periods indicated (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020

Revenue gross-up	$	189,512	$	60,044	$	324,378	$	217,483