Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2021

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,
	2021		2020		2021		2020
	(in millions)
Pressure pumping and related services charges (a)	$	130	$	21	$	297	$	163

____________________

(a)Includes no idle frac fleet fees for the three months ended September 30, 2021 and $5 million of idle frac fleet fees for the nine months ended September 30, 2021, as compared to $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, 2021		As of December 31, 2020
	(in millions)
Accounts payable - due to affiliate (a)	$	97	$	45

____________________

(a)Represents amounts payable for pressure pumping and related services provided by ProPetro as part of a long-term 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,
	2021		2020
	(in millions)
Revenue - Service revenue	$	378	$	501
Cost of services (exclusive of depreciation and amortization)	$	286	$	369
Net loss	$	(29)	$	(34)