Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2020

Related Party Transactions [Abstract]

Schedule of related party transactions and balances

Transactions and balances with ProPetro are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in millions)
Pressure pumping and related services charges (a)	$	21	$	134	$	163	$	401

____________________

(a)Includes $6 million and $35 million of idle frac fleet fees for the three and nine months ended September 30, 2020, respectively.

	As of September 30, 2020		As of December 31, 2019
	(in millions)
Accounts receivable - due from affiliate (a)	$	—	$	3
Accounts payable - due to affiliate (b)	$	39	$	88

____________________

(a)Represents employee-related charges that were reimbursed by ProPetro.

(b)Represents pressure pumping and related services provided by ProPetro as part of a long-term service agreement.

The Company discloses ProPetro's summarized financial information on a one-quarter lag as it enables the Company to report its quarterly results independent from the timing of when ProPetro reports its results. Summarized financial information for ProPetro is as follows:

	Six Months Ended June 30,
	2020		2019
	(in millions)
Revenue - Service revenue	$	501	$	1,076
Cost of services (exclusive of depreciation and amortization)	$	369	$	768
Net income (loss)	$	(34)	$	106