Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022
Revenues from contracts with customers	$	736,034	$	26,690	$	—	$	762,724
Other (1)	11,521		—		—		11,521
Total revenues	$	747,555	$	26,690	$	—	$	774,245

Timing of revenue recognition:
Goods transferred at a point in time	$	736,034	$	—	$	—	$	736,034
Services transferred over time	—		26,690		—		26,690
Total revenues from contracts with customers	$	736,034	$	26,690	$	—	$	762,724

Three Months Ended March 31, 2021
Revenues from contracts with customers	$	297,475	$	21,235	$	233	$	318,943
Other (1)	6,548		—		—		6,548
Total revenues	$	304,023	$	21,235	$	233	$	325,491

Timing of revenue recognition:
Goods transferred at a point in time	$	297,475	$	—	$	—	$	297,475
Services transferred over time	—		21,235		233		21,468
Total revenues from contracts with customers	$	297,475	$	21,235	$	233	$	318,943

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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
	March 31,
	2022		2021

Revenue gross-up	$	307,386	$	134,866