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Revenue Recognition (Notes)
 6 Months Ended
Jun. 30, 2020
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE RECOGNITION

Crude oil, natural gas and NGLs revenues are recognized when we have transferred control of crude oil, natural gas or NGLs production to the purchaser. We consider the transfer of control to have occurred when the purchaser has the ability to direct the use of, and obtain substantially all of the remaining benefits from, the crude oil, natural gas or NGLs production. We record sales revenue based on an estimate of the volumes delivered at estimated prices as determined by the applicable sales agreement. We estimate our sales volumes based on company-measured volume readings. We then adjust our crude oil, natural gas and NGLs sales in subsequent periods based on the data received from our purchasers that reflects actual volumes delivered and prices received. We receive payment for sales one to two months after actual delivery has occurred. The differences in sales estimates and actual sales are recorded one to two months later. Historically, these differences have not been material.        

Disaggregated Revenue. The following table presents crude oil, natural gas and NGLs sales disaggregated by commodity and operating region for the three and six months ended June 30, 2020 and 2019:

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Revenue by Commodity and Operating Region
 
2020
 
2019
 
Percent Change
 
2020
 
2019
 
Percent Change
 
 
(in thousands)
Crude oil
 
 
 
 
 
 
 
 
 
 
 
 
Wattenberg Field
 
$
93,540

 
$
203,548

 
(54.0
)%
 
$
300,189

 
$
383,974

 
(21.8
)%
Delaware Basin
 
22,231

 
70,620

 
(68.5
)%
 
64,756

 
121,277

 
(46.6
)%
Total
 
$
115,771

 
$
274,168

 
(57.8
)%
 
$
364,945

 
$
505,251

 
(27.8
)%
 Natural gas
 
 
 
 
 
 
 
 
 
 
 
 
Wattenberg Field
 
$
29,443

 
$
30,129

 
(2.3
)%
 
$
69,520

 
$
76,831

 
(9.5
)%
Delaware Basin
 
1,605

 
910

 
76.4
 %
 
1,042

 
6,680

 
(84.4
)%
Total
 
$
31,048

 
$
31,039

 
—
 %
 
$
70,562

 
$
83,511

 
(15.5
)%
NGLs
 
 
 
 
 
 
 
 
 
 
 
 
Wattenberg Field
 
$
22,762

 
$
22,677

 
0.4
 %
 
$
48,004

 
$
50,399

 
(4.8
)%
Delaware Basin
 
4,340

 
11,072

 
(60.8
)%
 
10,725

 
20,894

 
(48.7
)%
Total
 
$
27,102

 
$
33,749

 
(19.7
)%
 
$
58,729

 
$
71,293

 
(17.6
)%
Crude oil, natural gas and NGLs
 
 
 
 
 
 
 
 
 
 
 
 
Wattenberg Field
 
$
145,745

 
$
256,354

 
(43.1
)%
 
$
417,713

 
$
511,204

 
(18.3
)%
Delaware Basin
 
28,176

 
82,602

 
(65.9
)%
 
76,523

 
148,851

 
(48.6
)%
Total
 
$
173,921

 
$
338,956

 
(48.7
)%
 
$
494,236

 
$
660,055

 
(25.1
)%
Contract Assets.    Contract assets include material contributions in aid of construction, which are common in purchase and processing agreements with midstream service providers that are our customers. The intent of the payments is primarily to reimburse the customer for actual costs incurred related to the construction of its gathering and processing infrastructure. Contract assets are included in other assets. The contract assets will be amortized as a reduction to crude oil, natural gas and NGLs sales revenue during the periods in which the related production is transferred to the customer.

The following table presents the changes in carrying amounts of the contract assets associated with our crude oil, natural gas and NGLs sales revenue for the six months ended June 30, 2020:
 
Amount
 
(in thousands)
 
 
Beginning balance, January 1, 2020
$
11,494

Additions
11,246

Amortized as a reduction to crude oil, natural gas and NGLs sales
(881
)
Ending balance, June 30, 2020
$
21,859