v3.25.0.1
REVENUE RECOGNITION
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Crude oil, natural gas, and NGL sales revenue presented within the accompanying consolidated statements of operations is reflective of the revenue generated from contracts with customers. Revenue attributable to each identified revenue stream and operating region is disaggregated below (in thousands):
Year Ended December 31,
Sales by Commodity and Operating Region202420232022
Crude oil
DJ Basin$2,004,176 $2,140,608 $2,535,496 
Permian Basin2,362,932 634,756 — 
Total4,367,108 2,775,364 2,535,496 
Natural gas
DJ Basin225,176 280,579 691,903 
Permian Basin(56,788)25,050 — 
Total168,388 305,629 691,903 
NGL
DJ Basin341,053 326,675 560,185 
Permian Basin325,859 66,153 — 
Total666,912 392,828 560,185 
Crude oil, natural gas, and NGL
DJ Basin2,570,405 2,747,862 3,787,584 
Permian Basin2,632,003 725,959 — 
Total$5,202,408 $3,473,821 $3,787,584 
We record revenue in the month production is delivered to the purchaser. However, purchaser statements may not be received for one to two months after the date production is delivered, and as a result, we estimate the volume of production delivered to the purchaser and the price that will be received for the sale of the product. Generally, we record the differences between our estimates and the actual amounts received for product sales in the month that payment is received from the purchaser. Any identified differences between our revenue estimates and actual revenue received historically have not been significant. For the years ended December 31, 2024, 2023, and 2022 revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods was not material.
As of December 31, 2024 and December 31, 2023, our receivables from contracts with customers were $646.3 million and $506.0 million, respectively.