Schedule of minimum future lease cash flows to be received by the Company under the gathering and compression agreement |
Minimum future lease cash flows to be received by the Company under the gathering and compression agreement as of September 30, 2022 are as follows (in thousands):
|
|
|
|
|
Remainder of year ending December 31, 2022 |
|
$ |
45,492 |
|
Year ending December 31, 2023 |
|
|
298,655 |
|
Year ending December 31, 2024 |
|
|
299,473 |
|
Year ending December 31, 2025 |
|
|
285,175 |
|
Year ending December 31, 2026 |
|
|
271,762 |
|
Thereafter |
|
|
562,414 |
|
Total |
|
$ |
1,762,971 |
|
|
Schedule of disaggregation of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
|
|
(in thousands) |
|
2021 |
|
2022 |
|
2021 |
|
2022 |
|
Reportable Segment |
|
Type of service |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gathering—low pressure |
|
$ |
87,139 |
|
|
92,091 |
|
|
265,206 |
|
|
273,188 |
|
Gathering and Processing (1) |
|
Gathering—low pressure rebate |
|
|
— |
|
|
(12,000) |
|
|
— |
|
|
(36,000) |
|
Gathering and Processing (1) |
|
Compression |
|
|
49,765 |
|
|
52,364 |
|
|
147,273 |
|
|
155,462 |
|
Gathering and Processing (1) |
|
Gathering—high pressure |
|
|
51,812 |
|
|
53,185 |
|
|
154,065 |
|
|
159,504 |
|
Gathering and Processing (1) |
|
Fresh water delivery |
|
|
33,004 |
|
|
38,445 |
|
|
108,113 |
|
|
111,609 |
|
Water Handling |
|
Other fluid handling |
|
|
20,752 |
|
|
24,617 |
|
|
60,059 |
|
|
67,673 |
|
Water Handling |
|
Amortization of customer relationships |
|
|
(9,271) |
|
|
(9,271) |
|
|
(27,813) |
|
|
(27,814) |
|
Gathering and Processing |
|
Amortization of customer relationships |
|
|
(8,397) |
|
|
(8,397) |
|
|
(25,191) |
|
|
(25,190) |
|
Water Handling |
|
Total |
|
$ |
224,804 |
|
|
231,034 |
|
|
681,712 |
|
|
678,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type of contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Unit Fixed Fee |
|
$ |
188,716 |
|
|
197,640 |
|
|
566,544 |
|
|
588,154 |
|
Gathering and Processing (1) |
|
Gathering—low pressure rebate |
|
|
— |
|
|
(12,000) |
|
|
— |
|
|
(36,000) |
|
Gathering and Processing (1) |
|
Per Unit Fixed Fee |
|
|
33,004 |
|
|
38,921 |
|
|
108,113 |
|
|
112,722 |
|
Water Handling |
|
Cost plus 3% |
|
|
16,952 |
|
|
19,346 |
|
|
48,727 |
|
|
51,384 |
|
Water Handling |
|
Cost of service fee |
|
|
3,800 |
|
|
4,795 |
|
|
11,332 |
|
|
15,176 |
|
Water Handling |
|
Amortization of customer relationships |
|
|
(9,271) |
|
|
(9,271) |
|
|
(27,813) |
|
|
(27,814) |
|
Gathering and Processing |
|
Amortization of customer relationships |
|
|
(8,397) |
|
|
(8,397) |
|
|
(25,191) |
|
|
(25,190) |
|
Water Handling |
|
Total |
|
$ |
224,804 |
|
|
231,034 |
|
|
681,712 |
|
|
678,432 |
|
|
|
(1) |
Revenue related to the gathering and processing segment is classified as lease income related to the gathering system. |
|