Revenue Recognition Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

REVENUE RECOGNITION

On January 1, 2018, we adopted the new accounting standard that was issued by the FASB to provide a single, comprehensive model to determine the measurement of revenue and timing of when it is recognized and all related amendments (the “New Revenue Standard”) using the modified retrospective method. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Based upon our review, we determined that the adoption of the New Revenue Standard would have reduced our crude oil, natural gas and NGLs sales by approximately $11.3 million in 2017 with a corresponding decrease in transportation, gathering and processing expenses and no impact on net earnings. To determine the impact on our crude oil, natural gas and NGLs sales and our transportation, processing and gathering expenses for 2018, we applied the new guidance to contracts that were not completed as of December 31, 2017. The adoption of the New Revenue Standard has not significantly impacted our net income.

Disaggregated Revenue. The following table presents crude oil, natural gas and NGLs sales disaggregated by commodity and operating region for 2019, 2018 and 2017:

	Year Ended December 31,
Revenue by Commodity and Operating Region	2019		2018		2017 (1)
	(in thousands)
Crude oil
Wattenberg Field	$	767,760	$	783,158	$	529,562
Delaware Basin	252,929		252,107		82,677
Utica Shale (2)	—		2,696		12,814
Total	$	1,020,689	$	1,037,961	$	625,053
Natural gas
Wattenberg Field	$	137,143	$	130,073	$	131,792
Delaware Basin	13,877		32,010		21,251
Utica Shale (2)	—		1,109		5,216
Total	$	151,020	$	163,192	$	158,259
NGLs
Wattenberg Field	$	94,347	$	132,820	$	104,298
Delaware Basin	41,219		55,148		20,756
Utica Shale (2)	—		840		4,718
Total	$	135,566	$	188,808	$	129,772
Revenue by Operating Region
Wattenberg Field	$	999,250	$	1,046,051	$	765,652
Delaware Basin	308,025		339,265		124,684
Utica Shale (2)	—		4,645		22,748
Total	$	1,307,275	$	1,389,961	$	913,084

(1)	As we have elected the modified retrospective method of adoption for the New Revenue Standard, revenues for 2017
	have not been restated. Such changes would not have been material.
(2)	In March 2018, we completed the disposition of our Utica Shale properties.