Revenue Recognition (Tables)

9 Months Ended

Sep. 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 September 30, 2021
Revenues from contracts with customers	$	535,166	$	24,826	$	127	$	560,119
Other (1)	8,062		—		—		8,062
Total revenues	$	543,228	$	24,826	$	127	$	568,181

Timing of revenue recognition:
Goods transferred at a point in time	$	535,166	$	—	$	—	$	535,166
Services transferred over time	—		24,826		127		24,953
Total revenues from contracts with customers	$	535,166	$	24,826	$	127	$	560,119

Three Months Ended September 30, 2020
Revenues from contracts with customers	$	242,267	$	21,720	$	—	$	263,987
Other (1)	2,917		—		—		2,917
Total revenues	$	245,184	$	21,720	$	—	$	266,904

Timing of revenue recognition:
Goods transferred at a point in time	$	242,267	$	—	$	—	$	242,267
Services transferred over time	—		21,720		—		21,720
Total revenues from contracts with customers	$	242,267	$	21,720	$	—	$	263,987

Nine Months Ended September 30, 2021
Revenues from contracts with customers	$	1,285,461	$	69,558	$	515	$	1,355,534
Other (1)	24,882		—		—		24,882
Total revenues	$	1,310,343	$	69,558	$	515	$	1,380,416

Timing of revenue recognition:
Goods transferred at a point in time	$	1,285,461	$	—	$	—	$	1,285,461
Services transferred over time	—		69,558		515		70,073
Total revenues from contracts with customers	$	1,285,461	$	69,558	$	515	$	1,355,534

Nine Months Ended September 30, 2020
Revenues from contracts with customers	$	693,513	$	50,121	$	—	$	743,634
Other (1)	29,033		—		—		29,033
Total revenues	$	722,546	$	50,121	$	—	$	772,667

Timing of revenue recognition:
Goods transferred at a point in time	$	693,513	$	—	$	—	$	693,513
Services transferred over time	—		50,121		—		50,121
Total revenues from contracts with customers	$	693,513	$	50,121	$	—	$	743,634

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(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				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020

Revenue gross-up	$	201,704	$	97,566	$	526,082	$	315,049